London Arbitration 4/19

Charterparty – Cargo claim – Receivers bringing claim against charterers for diminution in value of cargo due to vessel’s delay – Charterers settling with receivers and making deduction from hire – Whether charterers entitled to make deduction from hire – Addendum to charterparty making charterers fully liable for all cargo claims howsoever caused – Whether “cargo claims” included claims for diminution in value resulting from delay

Thesubject vessel was chartered on the NYPE form in February 2007. The charter incorporated the “Inter-Club New York Produce Exchange Agreement of February 1970 as amended in May 1984 or any subsequent modification or replacement thereof”.