Medora Shipping Inc v Navix Line Ltd and Anr (The “Timawra”) - QBD (Com Ct)(Waller J) - 27 February 1996

Arbitration - Dispute relating to breach of charterparty by owners in cancelling drydocking arrangement - Whether arbitrators’ assessment as to quantum of damages disclosed error of law

The vessel Timawra was let by the plaintiff owners to the defendant charterers (“Navix”) for a period of about 4 years. Navix, as disponent owners, sublet the vessel to Navios Corporation (“Navios”) for about 24 months. The head charter and the sub-charter were on the NYPE form and were on essentially the same terms, save as to hire rate. They both contained identical clauses 21, which provided: