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Rare case

American Shipper Magazine

Monday, November 19, 2012

Aqua Marine (AM) is a corporation on Nevis in the West Indies that supplies bunker fuel. It initiated arbitration against Garanti Finansal Kiralama (GFK), demanding to be paid for bunkers delivered to two vessels owned by GFK. GFK did not dispute its ownership of the vessels, but said since it was not a party to any of AM’s bunker contracts it did not have to arbitrate. AM had issued order confirmation contracts, in which it specified any dispute over any of the contra...

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