London Arbitration 3/23

Bunkers on redelivery under time charter - Whether master overestimated quantity required and whether owners in breach - Whether excess quantity on redelivery the result of a breach by charterers - Appropriate prices at which to calculate values of excess bunkers

The subject vessel was chartered on the NYPE 1946 form for a trip from Thailand to the Nacala-Cape Town range. A dispute arose on the final hire statement and was referred to arbitration in London under the LMAA Terms in accordance with the charterparty arbitration clause. The charterers and the owners each appointed a Full Member of the LMAA and the two arbitrators proceeded without appointing a third.