London Arbitration 4/00

Safe port - Vessel grounding but not sustaining any damage - Whether owners entitled to recover cost of investigation expenses - Charterers counterclaiming under NYPE Inter Club agreement 50% of sum they had to pay to settle a shortage claim at Hodeidah - Whether settlement reasonable - Whether owners entitled to implied indemnity from charterers

The Vessel was chartered on the NYPE form for two to four months trading on the basis (in lines 22-27) that she was to be employed between safe ports, always trading via safe berths etc, always afloat at any tide. Clause 6 provided: