London Arbitration 14/14

ASBATANKVOY — ARBITRATION JURISDICTION — VALIDITY OF ARBITRATION AGREEMENT — DEMURRAGE AND PORT COSTS — Owner Award

The Charterer denied liability for demurrage under several defenses. They argued that they never agreed to be liable for demurrage nor that there was a valid arbitration agreement. And if the Tribunal held that the charter party did provide for those considerations, then each party’s signature would be required for it to be a valid agreement.