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When a contract does not reflect the intention of the parties equitable relief can be sought from the court for the contract to be rectified. It is rarely granted, but in this case it was.
In this case the vessel owners failed to provide the charterers with all documents in support of their demurrage claim within the 90-day time period.
For the first time in 15 years, the London Court of International Arbitration (LCIA) is overhauling its rules for arbitration.