COMPANIA SUDAMERICANA DE FLETES S.A. v. AFRICAN CONTINENTAL BANK LTD. (THE "ROSARINO")

[1973] 1 Lloyd's Rep. 21

QUEEN'S BENCH DIVISION(COMMERCIAL COURT)

Before Mr. Justice Mocatta

Guarantee - Sums due under Gencon charter-party containing arbitration clause - Guarantee of "due fulfilment of any obligation" - Promise to pay as surely "in accordance with any arbitration award" - Award made against charterers and not honoured - Admission by guarantor of liability for capital sum - Whether guarantor liable for interest awarded by arbitrator and costs of award - Liability for interest following date of award.