SEA TRADE MARITIME CORPORATION v HELLENIC MUTUAL WAR RISKS ASSOCIATION (BERMUDA) LTD (THE “ATHENA”)
[2006] Lloyd's Rep Plus 62
QUEEN’S BENCH DIVISION(COMMERCIAL COURT)
Before Mr Justice Christopher Clarke
Arbitration – Arbitrators issuing award on substantive
issues and reserving award on costs – Second award subsequently made on costs –
Validity of costs award – Whether arbitrators failing to deal with costs so
that time limits for supplementary award applied – Whether arbitrators entitled
to reserve costs award and to make award at any later date – Arbitration Act
1996, sections 47 and 57.