Lloyd's Law Reports

Professor Robert Merkin KC; Dr Johanna Hjalmarsson

Document

FAST FERRIES ONE S.A. v. FERRIES AUSTRALIA PTY. LTD.

[2000] 1 Lloyd's Rep. 534

QUEEN’S BENCH DIVISION(COMMERCIAL COURT)

Before Mr. Justice David Steel

Shipbuilding contract - Termination - Effective contract - Express condition precedent - Contract for construction of catamaran - Finance company to approve finance terms - Claimants terminated negotiations - Defendants alleged breakdown caused by guarantor’s failure to comply with obligation to accept finance package put forward by finance company - Whether claimants entitled to return of moneys.

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