Midas Shipping Co. Inc. v. PDVSA Petroleo SA (The “Liberia”) – SMA No. 4153, 16 Dec 2011

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PDVSA TIME 2006 -- TIME-CHARTER -- EXTRA WAR RISK INSURANCE -- INSURANCE PREMIUM -- INTEREST CALCULATION -- Owner Award Charterer failed to pay the Extra War Risk Insurance Premiums and interest that was allowed within the charter party. The Panel revised the Owner’s interest rate and calculation methodology.
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