PRESIDENT OF INDIA v. LIPS MARITIME CORPORATION (THE “LIPS”)
[1987] 1 Lloyd's Rep. 131
COURT OF APPEAL
Before Lord Justice Neill Lord Justice Nicholls and Sir Roualeyn Cumming-Bruce
Arbitration - Award - Demurrage - Late payment of demurrage - Umpire held charterers liable in damages for difference between exchange rate at bill of lading date and exchange rate at date of award - Whether owners entitled to damages for late payment of demurrage.