London Arbitration 9/02

Arbitration - Jurisdiction of arbitrator - Whether dispute in existence at time of arbitrator's appointment - Insurance - Whether charterers obliged to reimburse owners in respect of additional war risks premiums

The vessel was time-chartered by her owners on the NYPE form as amended to the disponent owners who chartered her, on more or less back-to-back terms, to sub-charterers for one timecharter trip. Both the head charter and the sub-charter contained identical relevant clauses as follows: