District Judge Katherine Polk Failla

 

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Pursuant to their 2013 contract Maersk Line Ltd. provided ocean transportation, container storage, and management services to National Air Cargo Group Inc. National Air failed to pay Maersk for services provided between July 2014 through August 2016. It owed Maersk $777,655.12 , to which Maersk also claimed entitlement to $128,281.14 in pre-award interest from Aug. 1, 2015, through May 31, 2017. On June 2, 2017, an arbitral panel awarded Maersk $907,956.29, including the $777,655.15 principal debt, $128,281.14 in pre-award interest, arbitrator’s compensation of $2.202.00 and post-award interest. Partly granting Maersk’s unopposed June 13, 2107, motion to confirm the arbitral award, the court found Maersk entitled to confirmation of the total amount of the arbitrator’s award, except its post-judgment interest rate at 9 percent annually—under New York Civil Practice Law and Rules §5004—for any amounts not paid within 30 days of the underlying award’s issuance. The parties’ selection of New York law did not supplant 28 USC §1961′s post-judgment interest rate applicable to federal judgments. Thus §1961 controlled the interest rate applicable to any unpaid amounts after entry of judgment in the instant case.