London Arbitration 17/26

Off-spec bunkers - Liability for cost of consumption of alternative bunkers - Price payable for off-spec bunkers on redelivery - Costs of arbitration

The subject vessel was time-chartered by the owners to the charterers pursuant to a charterparty on an amended NYPE 2015 form as evidenced by a recap and incorporated proforma charterparty. The charterparty provided for disputes to be subject to English law and London arbitration with disputes of less than US$50,000 to be subject to the LMAA Small Claims Procedure ("SCP").