Niki Maritime Enterprises SA v. Global Companies LLC. (The “Niki”) – SMA No. 3963, 1 Jun 07

ASBATANKVOY -- PUMP WARRANTY -- INTEREST ON UNDISPUTED DEMURRAGE -- ASDEM PUMPING PERFORMANCE EQUATION -- Charterer Award Because the Vessel did not meet the pump warranty at disport, the Charterer rejected any excess pumping time billed to them by the Owner. The Owner argued that the terminal was incapable of receiving the cargo at the contracted rate and therefore made a reduced claim for pumping time basis the ASDEM Pumping Performance equation.