London Arbitration 20/07

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NYPE — TIME-CHARTER — SPEED WARRANTY — BUNKER CONSUMPTION — CHARTERPARTY LANGUAGE — APPLICATION OF MARGIN FOR “ABOUT” — EXERCISE OF LIEN OVER CARGO (OFF HIRE) — Partial Owner, Partial Charterer Award

The Panel in this dispute was called on to determine the amount recoverable by Charterers under a time charter for the Vessel’s underperformance in the warranted speed and for the over-consumption of bunkers. The award details how the Panel calculated the damages.

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