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London Arbitration 17/21

Online Published Date : 30 July 2021 | Appeared in issue: 1087 - 30 July 2021

Charterparty – Heavy lift charter – Non-payment of sums due from charterers – Whether charterparty frustrated – Demurrage at loading port – Whether notice of readiness valid – Reimbursement of war risks additional premium incurred by owners – Owners exercising rights of lien and stoppage in international waters and suspending further performance of vessel – Vessel drifting for 272 days – Whether suspension rights validly exercised by owners