London Arbitration 2/10

Contract – Compromise agreement between charterers and shipowners – Charterers warranting that weights of cargo correctly stated in draft survey summaries at loadport – Cargo measured by truck bridge-scale at discharge port – Discrepancy between weights as measured by truck bridge-scale and weights as stated in loadport draft survey summaries – Whether charterers in breach of warranty

On 17 June the vessel was chartered for the carriage of a cargo of steel tank plate and cut steel scrap from the Bahamas to Vietnam. Following loading of the cargo the owners claimed a total of US$1,100,331.10 against the charterers in respect of unpaid freight, deadfreight and demurrage. The charterers acknowledged liability.