London Arbitration 9/22

Charterparty – Off-hire – Vessel’s holds rejected at first loading port – Period of off-hire – Rate at which off-hire was to be calculated – Whether charterers also entitled to damages for failure of vessel to present with clean holds

The claimant owners chartered the subject vessel to the respondent charterers on an amended NYPE form for a time charter trip. Disputes arose concerning the period for which the vessel was off-hire following rejection of her holds for loading a cargo of bulk titanium slag and bulk rutile sand, and the rate at which such off-hire was to be calculated and, in the alternative, whether the charterers were entitled to damages arising from the rejection of the holds.