London Arbitration 4/16

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BPVOY3 – FREIGHT RATE CALCULATION DISAGREEMENT – WHETHER RATE IS TO BE DETERMINED BASED ON COMPLETE VOYAGE – Owner Award A charterparty was negotiated for a voyage from a predetermined load port to one or two discharge ports with an addendum regarding the freight rate calculation. A disagreement ensued over the wording of addendum to how freight should be calculated; namely, whether the rate should be determined by taking into account the voyage in its entirety.
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