London Arbitration 4/26

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NYPE – TIME CHARTER – SPEED AND CONSUMPTION – HULL FOULING

The vessel was chartered for one time charter trip from Nouadhibou, Mauritania to Taranto, Italy on an amended NYPE 1946 form. A dispute arose regarding the balance of hire.
The owners claimed US$13,190.34 in outstanding hire, a FuelEU Maritime penalty of €12,710.10, and the transfer of 475.04 EU Emission Allowances (EUAs) pursuant to the EU Emissions Trading Scheme. The charterers denied liability and counterclaimed US$16,779.22, alleging that the vessel had been delivered with hull fouling, which caused underperformance and excess consumption on the voyage.

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