Lloyd's Maritime Law Newsletter
Pan Ocean Co Ltd v Daelim Corporation [2023] EWHC 391 (Comm) - King's Bench Division, Commercial Court, Sir Ross Cranston - 24 February 2023
Arbitration - Error of law - Implication of terms into charterparty - LMAA Terms - Arbitration Act 1996, sections 57, 69 and 70
The claimant charterers, Pan Ocean, entered into a time charterparty early in 2017 for the carriage of a cargo of urea. The
charterparty was in an amended NYPE 1993 form. By clause 45 all disputes were to be resolved by arbitration in London under
LMAA Terms.