London Arbitration 9/25 (2025) LMLN 1192

Under a sub-T/C for a trip to Persian Gulf, intention Iraq, with grain in bulk, the Vessel waited some 2.5 days off the discharge port, on upstream owners’ instructions, the latter having received (just 5 hours’ steaming away) a notice from Shippers/Sellers that that they had not been paid for the cargo (worth some USD16.8m). Dismissing Charterers’ off-hire claim, the Tribunal found that any shipowner could be expected to pause for thought and obtain advice, especially given the value of the cargo, the lateness of the notice and an intervening weekend.

Read the full judgment here.