STOCZNIA GDYNIA SA v GEARBULK HOLDINGS LTD
[2009] Lloyd's Rep Plus 26
COURT OF APPEAL
Before Lord Justice Ward, Lady Justice Smith and Lord Justice Moore-Bick
Shipbuilding contracts – Delay – Contracts entitling
purchaser to terminate contract if vessel not delivered by specified date – Purchaser
purporting to terminate contracts for delay pursuant to contractual provisions –
Whether contracts excluded common law right to terminate for accepted breach –
Whether contract excluded builder’s liability for damages for loss of bargain –
Whether purchaser terminated contracts solely in reliance on contractual
termination provisions.