London Arbitration 4/23

Charterparty - Time charter trip - Balance of hire - Whether owners' claims precluded by addendum - Cargo claims - Inter-Club Agreement - Whether charterers obliged to provide counter-security

The subject vessel was chartered for a time charter trip for the carriage of bagged rice from India to Cotonou and Tema. The charter was subject to English law and incorporated the BIMCO Standard Dispute Resolution Clause, which provided for any disputes arising to be referred to arbitration in London.