MOONDANCE MARITIME ENTERPRISES SA v CARBOFER MARITIME TRADING APS (THE “MOONDANCE II”)

[2013] 1 Lloyd's Rep. 269

QUEEN'S BENCH DIVISION(COMMERCIAL COURT)

Before Mr Justice FIELD

Practice – Security for costs – Charterers obtaining favourable arbitration award and award of costs against shipowners – Shipowners challenging award for serious irregularity – Whether charterers entitled to security in respect of costs award – Whether costs payable “under the award” notwithstanding that no assessment had yet taken place – Whether charterers entitled to security for costs in respect of owners' challenge – Whether owners entitled to rely on equitable cross-claim – Arbitration Act 1996, sections 68, 70(6) and 70(7) – CPR 25.13(2)(g).