London Arbitration 10/26

Time charter - Application for partial final award for hire - Clause forbidding deductions from hire for alleged underperformance claims - Whether the charterers' deductions from hire put them in breach of the clause - Whether the charterers could rely on the principles in The Kostas Melas - Timing of application - Interest

The subject vessel was chartered by the claimant owners to the respondent charterers for one time charter trip with a cargo of logs under a fixture on an amended NYPE form.