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The Shanghai Maritime Court ruled in favor of Oriental Prime Shipping Co Ltd, approving the recognition and enforcement of a foreign arbitral award against Hong Glory International Shipping Co Ltd. The award, issued in London, mandated Hong Glory to pay Oriental Prime approximately $90,790.28 in charter hire and additional costs after a dispute over a charterparty. The court found no valid reasons to refuse enforcement under the 1958 New York Convention, as both parties had agreed to arbitration and the awa

Author

shimitpatni29

Language

EN