BAKER MARINE (NIG.) LTD
V.
D.C.M.C. INC.

ADEREMI, JCA (Delivering the Lead Judgment): By two sets of agreements known as Time Charter Agreement and Joint Service Agreement, both dated 28th September 1992, the respondent/cross-appellant and the appellant/cross-respondent agreed, among other things, to jointly perform a Jack Barge Contract No LGST-92-03. The two agreements carry with them arbitration clauses, which require that any dispute arising between the parties and touching on the agreements shall be settled by reference to arbitration, if they could not be settled amicably between them. A dispute eventually arose between the parties out of the two contracts. Same was referred to arbitration by way of arbitral proceedings instituted by the appellant/cross-respondent against the respondent/cross-appellant claiming contractual and tortious reliefs. Following the conclusion of arbitral proceedings an award dated 14th February 1996 was published in which various sums of money, in terms of general, special and aggravated da…