Afris Shipping International Corporation v MV “Leresti” -Squires J - 1997 (2) SA 681

Admiralty Jurisdiction Regulation Act 105 of 1983 - Provision of security - Foreign party arresting vessel in South Africa as security for claim in London arbitration - Second foreign party seeking security from first party in respect of second party’s counterclaim in the arbitration - Whether Court should order first party to give security

The charterers chartered the vessel Leresti from DMD Maritime Ltd (“DMD”) for a round voyage of 60/70 days’ duration within the area of the Indian Ocean and Red Sea. The charterparty contained a London arbitration clause. Disputes arose under the charter and the charterers brought arbitration proceedings in London, contending that DMD had withdrawn the vessel from her chartered service, and that the charterers had claims against DMD amounting to $44,333 in respect of bunkers, speed and consumption claims and minor disbursements.