TOTAL SOCIETA ITALIANA PER AZIONI v. LIBERIAN TRANSOCEAN NAVIGATION CORPORATION (THE "ALEXANDRA I")

[1972] 1 Lloyd's Rep. 399

COURT OF APPEAL

Before Lord Denning, M.R., Lord Justice Phillimore and Lord Justice Roskill

Charter-party - 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.