Lloyd's Maritime Law Newsletter
Food Corporation of India v. Marastro Cia Naviera S.A. (The Trade Fortitude) - Q.B.D. (Com.Ct.) (Leggatt J.) - 29 July 1985
Whether new section 19A of Arbitration Act 1950 giving arbitrators jurisdiction to award interest on sums paid late affects arbitration agreements concluded before 1 April 1983
The vessel
Trade Fortitude
was voyage-chartered under a charterparty dated 1974 containing the Centrocon arbitration clause. Disputes arose in connection
with demurrage and an arbitration was commenced in January 1976. The Arbitration Act 1950 was applicable to the arbitration.