London Arbitration 10/25

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TIME CHARTER – FINAL HIRE – OFF HIRE – MASTER’S NAVIGATIONAL DISCRETION – BANK CHARGES The vessel was time-chartered by the claimant owners to the respondent charterers under a fixture recap incorporating a proforma charterparty. The claim was divided into sections: bank charges deducted from hire payments, and a charterers’ deduction for alleged breach of employment orders relating to the vessel’s route.  Charterers failed to submit a defense despite reminders and extensions.
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