Lloyd's Law Reports Plus

Professor Robert Merkin KC; Dr Johanna Hjalmarsson

Document

GRIFFON SHIPPING LLC v FIRODI SHIPPING LTD (THE "GRIFFON")

[2013] Lloyd's Rep Plus 45

QUEEN’S BENCH DIVISION (COMMERCIAL COURT)

Before Mr Justice Teare

Sale of ship - Deposit - Sale agreement providing for payment of 10 per cent deposit by buyers - Buyers failing to pay deposit - Sellers terminating contract for accepted repudiation and/or pursuant to contractual cancellation clause - Whether sellers entitled to recover unpaid deposit or restricted to recovering compensation in lesser amount - Norwegian Saleform 1993, clause 13.

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