London Arbitration 12/24

Time charterparty - NYPE form - Underperformance claim - Speed and consumption methodology - Minimum data required in weather routing company reports - Whether hindcast data admissible - Whether vessel off hire for crane failure - Discrepancy in LSMGO quantities - LMAA Small Claims Procedure - Costs

The owners chartered the subject vessel to the charterers under an amended NYPE 1993 form for a single time charter trip carrying paddy rice from Rio Grande to Veracruz. A dispute arose in relation to the final hire accounts and was referred to arbitration in London. The president of the LMAA appointed an LMAA Full Member under the LMAA Small Claims Procedure 2021. The owners were represented by their defence club while the charterers were represented by solicitors.