GLOBAL CONTAINER LINES LTD. v. STATE BLACK SEA SHIPPING CO. AMBER SEATRADE S.A. AND CLIFTON NAVIGATION S.A.

[1999] 1 Lloyd's Rep. 127

COURT OF APPEAL

Before Lord Justice Hobhouse, Lord Justice Millett and Sir Roger Parker

Sale of ship - Contract - Validity - Agreement for sale of former U.S.S.R. RoRo 60 vessels giving plaintiffs exclusive selling rights - Whether first defendants’ president had actual or ostensible authority to enter into agreements on behalf of second and third defendants - Whether agreement ratified - Whether legally binding - Whether contracts repudiated for non-performance - Whether injunction restraining third defendants from selling or offering to sell vessel to any party other than plaintiff should be discharged.