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

[2008] 2 Lloyd's Rep. 246

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to rectify MOA to reflect recap email - Whether payment in Greece was condition of contract - Whether sellers validly rescinded contract.