London Arbitration 8/08

STEMMOR -- ACCEPTANCE OF NOR -- REVERSIBLE LAYTIME -- TIME COUNTING DURING BUNKERING -- Owner Award The Panel is asked to rule on a variety of topics, including whether or not the failure to reject a NOR means that it is inherently accepted, the nature of "reversible" laytime and how laytime should be calculated for separate parcels, and whether time spent bunkering while waiting for an available berth counts as laytime.