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Lloyd's Maritime Law Newsletter

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Lien on cargo exercised by owners under NYPE charter - Whether justified

Time-charterers under the NYPE form had made a deduction of hire representing expenses which had been incurred by them at the loading port and which they felt should have been borne by the owners under the terms of the charter. In fact, at subsequent arbitration proceedings, it was held that the relevant expenses were for the charterers’ account.

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