SOTIROS SHIPPING INC. AND AECO MARITIME S.A. v. SAMEIET SOLHOLT (THE "SOLHOLT")

[1983] 1 Lloyd's Rep. 605

COURT OF APPEAL

Before Sir John Donaldson, Lord Justice Dillon and Sir George Baker

Sale of ship - Cancellation - Sellers failed to tender vessel in time - Buyers entitled to cancel contract and return of deposit - Whether buyers could claim higher rate of interest on deposit - Whether buyers entitled to damages - Whether buyers took steps to mitigate their loss.