London Arbitration 9/26

Voyage charter - Gencon 1994 form - Freight and demurrage claims - Owners threatening to exercise lien on cargo at discharge port - Whether agreement on sums due should be set aside on grounds of economic duress - Whether owners agreed to waive balance of freight - Calculation of freight and demurrage

The subject vessel was chartered by the claimant owners to the respondent charterers for the carriage of a cargo of bauxite from Indonesia to China. The charterparty was evidenced by a fixture recap and was based on a Gencon 1994 form with logical amendments.