London Arbitration 1/07

ARBITRATION -- BUNKERS -- CONSUMPTION -- CHARTER -- PERFORMANCE WARRANTY CLAUSE -- Owner Award In this time-charter contract, the Vessel had under-consumed its allotted bunkers because of slow steaming. The difference in the allotted and actual consumption would be paid to the Owners; however, due to vague language in the charter, the amount of under-consumption was under dispute in arbitration.