LA PINTADA COMPANIA NAVEGACION S.A. v. THE PRESIDENT OF INDIA (THE "LA PINTADA")

[1983] 1 Lloyd's Rep. 37

QUEEN'S BENCH DIVISION(COMMERCIAL COURT)

Before Mr. Justice Staughton

Arbitration - Award - Interest - Charterers made an "open offer" - Owners eventually accepted offer - Umpire awarded interest on demurrage and freight - Whether umpire had power to award such interest - Whether compound interest could be awarded - Whether umpire considered effect of open offer.