London Arbitration 3/20, LMLN, Issue 1055

In this reference, the tribunal had to consider what amounted to a valid notification under the Inter-Club NYPE Agreement 2011 (the ICA).

Factual background

The dispute arose under a charterparty on the NYPE form incorporating the ICA and a clause paramount dated 22 May 2013 for the carriage of engine equipment from the United States to North Africa.

Loading was completed on 5 January 2015 and Charterers issued twelve bills of lading with Charterers as carrier on their house form naming "G" as shipper and "to the order of S" as consignee. During transit, the crew accidentally pumped water into a hold causing damage to part of the cargo.

On that day, Charterers emailed Owners stating: