Legal Dispute Between Ship Owner & Charterers Ends

The Claimant, Alpha Marine Corp (the “Owners”) were the owners of the vessel MV Smart (the “Vessel”).
A dispute between the Owners and the Charterers arose out of the loss of the Vessel which was submitted to arbitration in accordance with the terms of the Charterparty.
After a hearing over three weeks in November 2019, the arbitral tribunal, namely Mr Simon Gault, Sir David Steel and Mr Lionel Persey QC (the “Tribunal”), issued its first partial award on 12 June 2020 (the “Award”).

A recent...