Precious Stars Ltd. v. Helena Chartering Inc. and STX Pan Ocean Co. Ltd. (The “Suchada Naree”) – SMA No. 4143, 29 Aug 2011

NYPE 93 -- OFF-HIRE -- EARLY REDELIVERY AND BUNKER LIABILITY -- MISCELLANEOUS EXPENSES -- Partial Owner Award This arbitration dealt with a number of issues under a time charter. Namely, when does hire resume after an off-hire period for drydocking, early redelivery by Charterer, responsibility for bunkers consumed after early redelivery, an alleged off-hire period whilst the Vessel’s cranes were inoperable and finally, the distribution of numerous charges incurred during the time charter.