Contractual Limits on Charterers’ Right to Deduct Hire: Recent Guidance from London Arbitrations
This article considers two recent London arbitration awards on contractual restrictions affecting charterers’ rights to withhold or deduct hire.
This article considers two recent London arbitration awards on contractual restrictions affecting charterers’ rights to withhold or deduct hire.
The ruling clarifies the limits of equitable set-off and confirms the strict enforceability of “pay now, argue later” obligations.
Watson Farley & Williams is delighted to invite you to our first Tokyo maritime seminar, where lawyers from our Tokyo, Singapore and London offices will speak on the current trends and hot topics within the shipping space.
Disputes can arise over whether a cargo claimant’s arbitration notice was issued validly – and how (and if) the LOU arbitration provision should be read with the bill of lading’s arbitration clause. Recent guidance stresses caution in such circumstances.
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