Lloyd's Maritime Law Newsletter

In 2004 the parties entered into a Memorandum of Agreement (“MOA”) for the purchase of a 20 year old bulk carrier at a price of US$7,171,500. The cancelling date was 30 April 2004. Pursuant to the terms of the MOA the buyers paid a..

The claimant buyer, a Luxembourg company, agreed to purchase the super yacht M/Y Namasté from the defendant seller, a German company, pursuant to an agreement dated 14 May 2008. The seller had commissioned construction of the yacht by a Turkish..