PT BERLIAN LAJU TANKER TBK AND ANOTHER v NUSE SHIPPING LTD (THE “AKTOR”)

[2008] Lloyd's Rep Plus 60

QUEEN’S BENCH DIVISION(COMMERCIAL COURT)

Before Mr Justice Christopher Clarke

Sale of ship – Norwegian Sale Form – Payment of purchase price – Sellers nominating bank in Singapore for payment of 10 per cent deposit and nominating bank in Greece for payment of balance – Whether entire price payable in Singapore – Whether 10 per cent of price could be paid in Singapore – Whether buyers entitled to rectify MOA to reflect recap email – Whether payment in Greece was condition of contract – Whether sellers validly rescinded contract.