GENERAL FEEDS INC. PANAMA v. SLOBODNA PLOVIDBA YUGOSLAVIA

[1999] 1 Lloyd's Rep. 688

QUEEN’S BENCH DIVISION(COMMERCIAL COURT)

Before Mr. Justice Colman

Arbitration - Award - Charter-party - Dispute under charter referred to arbitration - Owners settled cargo interests’ claim and claimed against charterers - Arbitrators held charterers in breach of contractual description obligations under charter and heating of cargo caused by that breach - Whether settlement reasonably entered into - Whether owners caused own loss by entering into settlement - Principles applied by arbitrators.