SPACE SHIPPING LTD v ST SHIPPING AND TRANSPORT PTE LTD (THE “CV STEALTH”) (NO 4)

[2022] Lloyd's Rep. Plus 6

QUEEN’S BENCH DIVISION (COMMERCIAL COURT)

Before Sir Nigel Teare, Sitting as a Judge of the High Court

Arbitration – Vessel subjected to prolonged detention by Venezuelan courts – Owners making series of arbitration claims against charterers – Arbitrator giving charterers credit for US$1.4 million drydocking fees potentially saved by owners – Whether arbitrator erred in law in deducting saved drydocking fees from owners’ claim.