Shipping – Charterparty. The claimant owners' appeal against the findings of an arbitral tribunal succeeded in part, in proceedings arising out of the capture of a vessel by pirates. At first instance, an arbitral tribunal had rejected the owners' claim for hire, on the grounds that it had been excluded by two additional clauses in the charterparty. The Commercial Court held that one of the two clauses did not exclude the claim, but the other did.