From 1st September 2016 the new version of the Gafta 125 Rules of Arbitration takes effect in all sale contracts referencing or incorporating the rules. The changes, having been drawn up by a committee representing the trade, highlight the benefits of a trade organisation which draws on the practical experience of its members.

This matter concerned the appeal of an arbitration award under section 69 of the Arbitration Act 1996, granted by Mr. Justice Males, on a specific question of law, namely: “Where under a time charter the owner warrants to the time charterer that the vessel shall maintain a particular level of performance throughout the charter period, and the time charterer alleges underperformance in breach of that warranty, is it a defence for the owner to prove that the underperformance resulted from compliance with the time charterer’s orders?”