London Arbitration 1/26

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TIME CHARTER – SPEED AND PERFORMANCE – HULL FOULING – GOOD WEATHER – THE DIVINEGATE

The dispute concerned a claim by the charterers for US$127,545.45 and a counterclaim by the owners for US$28,174.16, as reflected in the parties’ final hire statements. The central issue was whether, at delivery, the vessel was affected by underwater hull fouling amounting to a defect that reduced speed and entitled the charterers to an off-hire deduction under the charterparty.

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