London Arbitration 17/15

NYPE – TIME CHARTER – IFO HS RE-DELIVERY VALUE This arbitration award dealt with six issues yet only one is pertinent to TANKVOYager.  Specifically, after the completion of the voyage, the Vessel was redelivered to the Owner with 272 MT IFO HS that the Charterer had purchased.  The Charterer argued that they should be reimbursed for the bunkers at the charter party rate whereas the Owner claimed the bunkers should be priced at the market rate at the redelivery location. [dropcap]P[/dropcap]rior to redelivery the master had requested 450 MT of IFO HS, and although questioning whether this was too much, Charterer...