London Arbitration 8/21

Demurrage – Charterers failing to pay demurrage invoice – Owners subsequently invoicing charterers for reduced amount – Charterers still failing to pay – Owners bringing arbitration proceedings to recover full amount – Whether owners restricted to recovering reduced sum claimed in second invoice – Whether implied term that reduced amount would be accepted in exchange for prompt payment

By a charterparty on the Gencon 94 form evidenced by a fixture note, the claimant owners chartered the subject vessel to the respondent charterers for a voyage from India to Saudi Arabia with a cargo of barite lumps in bulk.