We use cookies to improve your website experience. To learn about our use of cookies and how you can manage your cookie settings, please see our Cookie Policy. By continuing to use the website, you consent to our use of cookies. Close

19 Restraining payment

Refund Guarantees


Restraining payment


19.1 Where there is an imminent danger that a buyer will cancel the shipbuilding contract in circumstances where the builder disputes the buyer’s entitlement to do so, the builder will naturally be concerned that the buyer’s threat carries with it an implicit threat to call on the refund guarantee, which is the likely, if not the inevitable, consequence of exercising a contractual right to cancel.

The rest of this document is only available to i-law.com online subscribers.

If you are already a subscriber, click login button.