London Arbitration 9/26 (2026) LMLN

A Gencon 94 C/P for the carriage of bauxite provided that demurrage and balance of freight were payable within 20 banking days of completion of discharge.  Before arrival at discharge, Owners demanded load port demurrage, and threated to lien the cargo. The Tribunal set aside the ensuing agreement to Owners’ figures on the grounds that it was obtained by economic duress. Nevertheless, on the merits, Owners’ calculations had been correct and the economic duress had little impact on the end result.

Read the full judgement here.