The “Navios Koyo” – Court of Appeal (Sundaresh Menon CJ, Judith Prakash JCA and Steven Chong JCA) [2021] SGCA 99 – 27 October 2021

Arbitration – Stay of court proceedings – Whether stay should be made conditional upon defendant waiving time-bar defence

The plaintiff, Batavia EXIMP & Contracting (S) Pte Ltd (Batavia) claimed to be the holder of four bills of lading for the carriage of New Zealand pine logs on the basis that it had extended financing to Amrose Singapore Pte Ltd (Amrose) for the purchase of the cargo and taken the bills of lading as security.