London Arbitration 9/23

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TIME CHARTER – BALANCE ON FINAL HIRE ACCOUNTS – SPEED AND CONSUMPTION COUNTERCLAIM– CONDITIONS TO TIME-BAR COUNTERCLAIM – JURISDICTION OF ARBITRATOR OVER COUNTERCLAIM – REFERRAL OF COUNTERCLAIM TO WEATHER ROUTING COMPANY After a vessel completed a voyage under a time-charter, disputes arose regarding the final hire accounts. The arbitration was referred to a sole arbitrator under the LMAA Small Claims Procedure 2017 (SCP). The owners claimed a balance of hire totaling US$49,423.30. The charterers maintained that they were owed damages of US$62,876.66 due to a speed and consumption issue and counterclaimed for the difference of US$16,170.82.
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