London Arbitration 13/25

Time charter - Claim for unpaid hire - Amount of balance due to the owners - Costs - Whether the owners should be treated as wholly successful or whether an apportionment of costs was justified - Appropriate interest rates - Whether pre-arbitration costs recoverable - Whether "without prejudice save as to costs" lump sum offers had been beaten

This was the second partial final award in the reference in which the award summarised in London Arbitration 12/25 was the first. The parties had been directed to seek to agree the amount of the balance due to the owners as a consequence of the tribunal's decisions.