London Arbitration 1/23

Charterparty - Late redelivery causing owners to lose repositioning fixture before drydocking - Whether damages extended to repositioning costs or limited to difference between charter and market rate of hire for overrun - Illegitimate last voyage orders - Causation - Remoteness

Disputes arose under two time charters, a head charter on an amended Asbatime 1981 form and a sub-charter on similar terms. Two separate arbitrations were commenced under the LMAA Terms and were heard concurrently by a tribunal of three LMAA Full Members. The tribunal produced a single set of reasons summarised here.