Anthony Radcliffe Steamship Co. Ltd. v. C.J. Petrow Chemicals (Far East) Pte. Ltd. (The “Stolt Magnolia” & “Stolt Suisen”) – SMA No. 3888, 27 Jun 2005

ASBATANKVOY -- DEMURRAGE -- ARBITRATION -- PRORATE -- INCREASED DEMURRAGE INVOICE -- Owner Award In order to collect outstanding demurrage claims, the Owner started arbitration; however, originally, the claim was erroneously calculated with a lower prorated waiting time which the Owner raised at arbitration. The Charterers argued that they were exempt from this new rate because they believed it to be punitive and an alteration of the original contract.