NYPE -- TIME CHARTER -- UNPAID HIRE -- WHETHER WITHDRAWAL OF VESSEL WRONGFUL -- INTENTION -- Charterer Award
Charterer’s failure to pay timely hire per the terms of the contract led Owner to withdraw the Vessel from Charterer’s service. The tribunal majority held that the late payments were a matter of poor management rather than acting in bad faith and, as such, warranted an anti-technicality notice rather than withdrawal of the ship.