DANAE AIR TRANSPORT ASA v. AIR CANADA

[1999] 2 Lloyd's Rep. 547

COURT OF APPEAL

Before Lord Justice Kennedy, Lord Justice Ward and Lord Justice Tuckey

Arbitration - Award - Costs - Mathematical error - Application to remit or set aside - Agreement between plaintiffs and defendants wrongfully terminated - Dispute referred to arbitration - Defendants offered to settle - Plaintiffs rejected offer - Arbitrators erred in evaluation of offer as against the award - Whether exercise of discretion by arbitrators on false arithmetical basis constituted an excess of jurisdiction or some element of misconduct or procedural mishap - Whether award should be remitted for error to be corrected.