Phibro Renewables AG v. Formosa Plastic Marine Corp. – SMA No. 4462, 25 July 2023

CHARTERPARTY BREACH - LATE DELIVERY - CARGO SPECIFICATIONS - ABANDONED CARGO - VESSEL SUBSTITUTION In this arbitration between Phibro Renewables AG (Charterer) and Formosa Plastic Marine Corporation (Owner), disputes arose from a charterparty agreement concerning the transportation of 5,000 metric tons of UCOME. Charterer claimed damages due to alleged breaches by Owner, including late delivery and vessel substitution, while Owner counterclaimed due to alleged cargo loss.
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