A v B

[2019] Lloyd's Rep. Plus 21

QUEEN’S BENCH DIVISION (COMMERCIAL COURT)

Before Sir Ross Cranston, sitting as a Deputy High Court Judge

Arbitration – Award - Serious irregularity – Appeal on points of law - Shipowners in breach of clause guaranteeing vessel’s approval by oil majors – Whether tribunal guilty of serious irregularity – Whether tribunal erred in awarding charterers loss of profits in addition to wasted expenditure – Whether damages ought to have been awarded on loss of chance principle – Arbitration Act 1996, sections 68 and 69.