London Arbitration 10/19

Sale of goods – Laytime – Contract for sale of coal on delivered ex ship terms – Notice of readiness tendered to port agents – Sellers failing to comply with condition precedent for service of NOR – Whether buyers estopped from insisting on compliance with condition precedent – Time of commencement of laytimeAgency – Whether fact that port agents were “notify party” under bill of lading constituted them agents of buyers

The claimant sellers entered into a contract for the sale of coal (the sale contract) with the respondent buyers on delivered ex ship terms (DES) making the sellers responsible for transportation of the cargo to its intended destination.