The Merchant did not provide cargo to be loaded at Houston in repudiatory breach of the booking note, and the Carrier claimed dead freight of US $100,275.00. As provided by Clause 11. (h) of the booking note, the amount invoiced represented the gross freight of US $140,275.00 less estimated port and stevedore costs saved of US $15,000.00 and US$25,000.00, respectively. As the invoice remained unpaid, the Carrier proceeded to arbitration...
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