RAVENNAVI SPA V NEW CENTURY SHIPBUILDING CO LTD
[2007] Lloyd's Rep. Plus 34
COURT OF APPEAL
Before Lord Justice Tuckey Lord Justice Jacob and Lord Justice Moore-Bick
Contract – Option agreement – Buyer having option to
purchase two vessels from shipbuilders – Option agreement providing for vessels
to be delivered by specified dates with earlier delivery if possible – Options
exercised under shipbuilding contracts containing “entire agreement” clause –
Buyer contending that shipyard was in breach of its obligation to make earlier
delivery – Shipyard contending that obligation to make earlier delivery lapsed
on exercise of option – Determination of preliminary issues on construction of
option agreement and shipbuilding contracts.