Cadogan Maritime Inc v Turner Shipping Inc – QBD (Comm Ct) (Hamblen J) [2013] EWHC 138 (Comm) – 5 February 2013

Arbitration – Additional award – Whether tribunal had power to make additional award in respect of accrued interest on refund guarantee – Whether claim for accrued interest “presented to” tribunal – Whether claim “dealt with” in original award – Arbitration Act 1996, section 57(3)(b)

Turner Shipping Inc (Turner) agreed to sell a newbuild vessel to Cadogan Maritime Inc (Cadogan), pursuant to a memorandum of agreement (MOA). Cadogan paid the first instalment of the purchase price in the sum of US$7.7 million.