MOONDANCE MARITIME ENTERPRISES SA v CARBOFER MARITIME TRADING APS (THE "MOONDANCE II")

[2013] Lloyd's Rep Plus 7

QUEEN'S BENCH DIVISION (COMMERCIAL COURT)

Before Mr Justice Field

Practice - Security for costs - Charterers obtaining favourable arbitration award and award of costs against shipowners - Shipowners challenging award for serious irregularity - Whether charterers entitled to security in respect of costs award - Whether costs payable “under the award” notwithstanding that no assessment had yet taken place - Whether charterers entitled to security for costs in respect of owners' challenge - Whether owners entitled to rely on equitable cross-claim - Arbitration Act 1996, sections 68, 70(6) and 70(7)- CPR 25.13(2)(g).