Teekay Tankers Ltd v STX Offshore & Shipbuilding Co Ltd (No 2) – QBD (Comm Ct) (Walker J) [2017] EWHC 253 (Comm) – 15 February 2017

Contract – Shipbuilding contract – Option to purchase additional vessels with delivery dates to “be mutually agreed” – Whether option agreement void for uncertainty – Whether seller estopped from raising matters determined in earlier arbitration – Whether buyer in breach of confidence in raising matters referred to in earlier arbitration

On 5 April 2013 each of four subsidiaries of the claimant (TT) entered into a shipbuilding contract, as buyer, with the defendant (STX) whereby STX was to construct one tanker at a price of US$42.5 million.