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Lloyd's Law Reports

TOTAL SOCIETA ITALIANA PER AZIONI v. LIBERIAN TRANS-OCEAN NAVIGATION CORP. (THE "ALEXANDRA I")

[1971] 2 Lloyd's Rep. 469

QUEEN'S BENCH DIVISION(COMMERCIAL COURT)

Before Mr. Justice Donaldson

Charter-party (voyage) - Bunker fluctuation clause - Freight based on dollars - Bunker fluctuation clause based on fuel suppliers' price lists - Lists expressed in sterling and dollars - Effect of devaluation of sterling - Whether currency of account dollars or sterling. Conflict of laws - Contract - Charter-party - Proper law of account - Whether determined by law of contract - Whether legal concept of proper currency of account.

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