STOCZNIA GDYNIA SA v GEARBULK HOLDINGS LTD [2009] EWCA Civ 75

[2009] 1 Lloyd's Rep. 461

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