Extract to table

Clause 46 of the Aegean Fortuna Charter contained the governing law and arbitration provision, which provided, in material part: "This Charter Party shall be governed by and construed in accordance with English law

Any dispute arising out of or in connection with this Charter Party, including any question regarding its existence, validity or termination, shall be referred to and finally resolved by arbitration under the LCIA Arbitration Rules, which rules are deemed to be incorporated by reference into this Clause

The number of arbitrators shall be three

The seat, or legal place, of arbitration shall be London, England

The Tribunal further ordered that post-award interest shall accrue at the rate of 5

The applicant must demonstrate: (a) that there is a valid arbitration agreement; (b) that the award is a final award; and (c) that there are no grounds for refusing enforcement