Probulk Carriers Ltd. v. Pacific Commerce Line - Before Henry E. Englebrecht, Chairman, Jack Berg and Aghelos C. Boulalas - 16 December 1991

Time charter - Whether hire calculated by reference to elapsed time or by reference to local times at place of delivery and redelivery

The issue in this arbitration was whether hire payable under the N.Y.P.E. charterparty should be calcualted on the basis of Greenwich Mean Time (G.M.T.) on delivery and redelivery, or on the basis of local time prevailing at the ports of delivery and redelivery. The charterparty provided: