Texaco Panama, Inc. and Texaco Overseas Tankship, Ltd. v Exmar NV and AS Seateam (The “Moselle”, “Menantic”, “Aristotle S. Onassis”, and “Hamlet”) – SMA No. 3312 (Consolidated Arb.), 29 Oct 1996

ASBATANKVOY -- ARBITRATION -- DETENTION -- CHARTER PARTY -- TIME CHARTERER -- VOYAGE -- LACHES -- TIME-BAR -- Partial Owner Award The Owners began arbitration to recover detention damages from four separate charter parties that the Time Charterers had contracted. The Vessel was idle for extended periods between these voyages instead of being utilized. On the other hand, the Charterers rejected the claims basis laches and time-bar breaches.