Texaco International Trader, Inc. v. Sunoco Overseas, Inc. (The “Proof Trader”) – SMA No. 3485, 30 Oct 1998

TEXACOVOY 94 -- LOADPORT -- MANIFOLD -- SALES AGREEMENT -- CANCELLATION -- ARBITRATION -- Seller Award The Vessel had been nominated by the Buyer and subsequently accepted by the Seller. But upon arrival to loadport, the placement of the Vessel’s manifolds made loading impossible and the Vessel was summarily rejected by the Seller. The Buyer claimed that the Seller breached the sales agreement by not rejecting the Vessel in a timely matter and began arbitration to recover cancellation expenses.