SOCAP INTERNATIONAL LTD. v. MARC RICH & CO. A.G.

[1990] 2 Lloyd's Rep. 175

QUEEN’S BENCH DIVISION(COMMERCIAL COURT)

Before Mr. Justice Saville

Sale of goods (f.o.b.) - Demurrage - Dispute regarding demurrage clause in sale contract - Buyers paid demurrage to shipowners but sellers had not recovered demurrage from their suppliers - Arbitrators held buyers had no right to recover demurrage from sellers before sellers recovered demurrage from their suppliers - Whether arbitrators reached right conclusion.