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TAURUS PETROLEUM LTD v STATE OIL MARKETING COMPANY OF THE MINISTRY OF OIL, REPUBLIC OF IRAQ

Arbitration – Award – Enforcement – Respondent failing to pay arbitration award – Claimant applying for third party debt order over letters of credit – Whether respondent was beneficiary of debt created by letters of credit – Situs of debt – Whether third party debt order should be made – Whether court entitled to make receivership order.

[2018] 1 Lloyd's Rep. 29

PAN-UNITED SHIPPING PTE LTD v CUMMINS SALES AND SERVICE SINGAPORE PTE LTD

Contract – Exclusion clause – Defendant contracting to overhaul engines of plaintiff's tugboat – Engine damaged after seizing up during testing – Whether defendant in breach of contract – Whether plaintiff's or defendant's standard terms applied – Whether defendant entitled to limit liability to price of quotation.

[2018] 1 Lloyd's Rep. 95