London Arbitration 4/23

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TIME CHARTER – BIMCO - ADDENDUM VALIDITY – BALANCE OF HIRE – CARGO CLAIMS - COUNTER- SECURITY A vessel was chartered for a time charter trip from India to Cotonou and Tema. The cargo was bagged rice, and the charter included the BIMCO Standard Dispute Resolution Clause. A sole arbitrator presided over the arbitration, which addressed the validity of an addendum agreement after the arbitration proceedings had started, balance of hire, and counter-security for cargo claims.
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