ASBATANKVOY -- ARBITRATION -- DEMURRAGE -- LAYCAN -- VOYAGE -- ETD -- PORT -- ACT OF GOD -- CHARTER PARTY -- Owner Award
The focal points of this arbitration are the outstanding demurrage bill and the costs to the Owner to collect demurrage. The Charterers blame the missed laycan on a previous voyage that had a delayed ETD from lack of port space and adverse weather. The Owners, however, argue that the Charterer did not cancel the contract, and therefore, the laycan remains in full effect.