Ispat Industries Ltd. v. Western Bulk Pte. Ltd. (The “Sabrina 1”) – QBD (Comm. Ct.), 31 Jan 2011

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NYPE -- VOYAGE CHARTER OR TIME CHARTER TRIP -- OVERTURNING ARBITRATION AWARD -- REMOTENESS OF DAMAGES -- Owner Award In upholding the arbitration award, the Court discussed whether the Charter was a Voyage Charter or Time Charter Trip, whether Owner obtaining a Rule B attachment in New York breached the London arbitration clause and whether the arbitration Panel properly applied the "assumption of responsibility" test in regards to remoteness of damage. Damages were awarded Owner basis the minimum duration of the repudiated time charter trip.
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