London Arbitration 8/17

Arbitration – Delay – Tribunal dismissing claim for want of prosecution – Claimants appealing to High Court – Whether expiry or non-expiry of the limitation period to be assessed at time of the application to dismiss or at time of the decision determining the application – Whether delay within the limitation period can be considered inordinate – Whether tribunal erred in law in dismissing claim

The subject vessel was chartered on an amended NYPE form. The owners claimed a balance of some US$200,000 said to be due on the final hire statement and for loss and damage said to arise from collapse of one of the vessel’s cranes during cargo operations in April 2002.