O.N.E. Shipping, Inc. v. Pecten Chemicals, Inc. – SMA No. 3583, 29 Dec 1999

SHELLVOY 5 -- ARBITRATION -- PUMP WARRANTY -- CHARTER PARTY -- DEMURRAGE -- PRECEDENCE -- Charterer Award At arbitration, disputes centered upon the interpretation and execution of the pump warranty. The Owners submitted a demurrage claim for excess pumping time and argued that the Charterers had set a charter- amending precedent by agreeing to the Owners’ interpretation of the pump warranty in the past. The Charterers refute any such precedent for open claims.
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