RED SEA TANKERS LTD. AND OTHERS v. PAPACHRISTIDIS AND OTHERS HENDERSON, BAARMA AND BOUCKLEY (THIRD PARTIES) (THE “HELLESPONT ARDENT”)

[1997] 2 Lloyd's Rep. 547

QUEEN’S BENCH DIVISION(COMMERCIAL COURT)

Before Mr. Justice Mance

Contract - Ship’s purchase - Gross negligence - Contributory negligence - Plaintiffs entered into commercial and technical advisory agreements with defendants in relation to acquisition of oil tanker - Whether defendants owed duty of care to plaintiffs - Whether defendants grossly negligent and or guilty of wilful misconduct in recommending tanker for purchase - Whether officers of defendants owed duties personally to plaintiffs - Whether plaintiffs’ directors and bankers contributorily negligent.