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in Greece was condition of contract – Whether sellers validly rescinded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.