London Arbitration 10/15

Charterparty – Owners bringing arbitration proceedings against charterers – Owners claiming indemnity in relation to losses incurred in defending third-party cargo claim in Belgian courts – Owners and charterers concluding settlement agreement – Whether owners entitled to recover indemnity in respect of legal costs incurred in Belgian proceedings – Whether owners entitled to recover 50 per cent of legal costs under Inter-Club Agreement

Owners brought arbitration proceedings against charterers. One of the owners’ claims was for an indemnity in respect of any subsequent liability they might incur towards or in defending claims from third-party cargo interests (the Indemnity Claim).