London Arbitration 19/17

Charterparty – Owners settling cargo claims – Charterparty incorporating NYPE Inter-Club Agreement – Owners claiming to recover expenditure from charterers as damages – Whether charterers in breach of charter for failing to handle cargo claims in first instance – Whether owners entitled to recover pursuant to implied indemnity in charter – Whether owners entitled to recover pursuant to Inter-Club Agreement

The subject vessel was chartered out by disponent owners (the owners) to charterers (the charterers) on the NYPE form (the charter). The owners had themselves chartered the vessel from the head owners on the NYPE form (the head charter). Both the charter and the head charter incorporated the NYPE Inter-Club Agreement (the ICA).