London Arbitration 6/26

Time charter - NYPE form - Claim for unpaid hire - Counterclaim for wrongful arrest of another vessel - Whether the owners were entitled to a partial final award - Whether the charterers should be allowed to set off their counterclaim.

The subject vessel was chartered by the claimant owners to the respondent charterers for a trip under a time charter fixture on an amended NYPE form evidenced by a fixture recap.