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Lloyd's Maritime Law Newsletter

Pan Ocean Co Ltd v Daelim Corporation [2023] EWHC 391 (Comm) - King's Bench Division, Commercial Court, Sir Ross Cranston - 24 February 2023

Arbitration - Error of law - Implication of terms into charterparty - LMAA Terms - Arbitration Act 1996, sections 57, 69 and 70

The claimant charterers, Pan Ocean, entered into a time charterparty early in 2017 for the carriage of a cargo of urea. The charterparty was in an amended NYPE 1993 form. By clause 45 all disputes were to be resolved by arbitration in London under LMAA Terms.

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