London Arbitration 2/24

Time charterparty - NYPE form - Claim for difference in value of bunkers on delivery and redelivery - Counterclaim for speed and consumption breaches - Strength of evidence from logbooks, weather routing company and marine expert - Allegation that the vessel steamed an extra 250 miles Procedure - Reference commenced under LMAA Small Claims Procedure but continued under LMAA Terms 2021 - Costs cap under section 65 of the Arbitration Act 1996 - Failure to disclose documents in breach of peremptory order - Reservation of costs

Disputes arose under a trip time charter on an amended NYPE 1946 form with additional clauses. The owners sought a balance of hire of US$79,103.27. The charterers denied liability and counterclaimed approximately US$100,000, alleging, among other things, that the vessel steamed an extra 250 miles.