London Arbitration 4/25

by · Published · Updated

TIME CHARTER – NYPE FORM – SPEED PERFORMANCE CLAIM – DEDUCTIONS FROM HIRE – GRAB PERFORMANCE – PARTY REFUSAL TO PARTICIPATE The Owners entered into an agreement under an updated NYPE 1981 form, and commenced arbitration when a dispute arose around deductions for hire. The Owners were granted a defense submission order by the tribunal, which issued a warning: non-compliance would result in the issuance of a final order within 7 days. The Charterers did not comply; the Owners were granted a final order by the tribunal.
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