GRIPAIOS v. KAHL, WALLIS & CO.

(1928) 32 Ll L Rep 328

KING'S BENCH DIVISION.

Before Mr. Justice Wright.

Charter-party ("Centrocon")-Advance freight-Disbursements-Rate of exchange -"Freight shall be paid as follows, viz.:-Sufficient cash for steamer's use . . . to be advanced by charterers . . . at current rate of exchange for approved commercial bills on London . . ."-Meaning of "current rate of exchange for approved commercial bills on London" -Whether sight bills or bills drawn at 90 days-Finding by arbitrator of custom that advances of freight under "Centrocon" charter-party are made at current rate of exchange for 90 days sight bills on London-Whether good custom-Construction of arbitrator's finding-Bills of Exchange Act, 1882, Sect. 10-Award in favour of charterers upheld.