THE PRESIDENT OF INDIA v. LIPS MARITIME CORPORATION (THE "LIPS")
[1985] 2 Lloyd's Rep. 180
QUEEN'S BENCH DIVISION(COMMERCIAL COURT)
Before Mr. Justice Staughton
Arbitration - Award - Demurrage - Late payment of demurrage - Umpire held charterers liable in damages for difference between exchange rate at bill of lading date and exchange rate at date of award - Whether owners entitled to damages for late payment of demurrage.