London Arbitration 8/24

Booking note - Carriage of steel plate - Contract not performed - Whether cargo could be loaded safely - Whether vessel's cranes impeded loading - Whether there was cargo ready for loading - Whether owners were entitled to damages or deadfreight - Whether calculation of deadfreight should be based on quantity for which charterers exercised an option to load or on contract quantity after deduction for "about"

By a booking note contract, the terms of which were set out in a recap email of 30 October 2019, the owners agreed with the charterers to carry a cargo of about 2,650 mt steel plate on their vessel from a port in Korea to a port in the Philippines. The contract contained a provision, "ARBITRATION IN LONDON/ENGLISH LAW TO APPLY". A dispute arose and the parties agreed that a Full Member of the LMAA be appointed as sole arbitrator. He accepted the appointment on the LMAA Terms 2017.