ORION SHIPPING AND TRADING LTD V GREAT ASIA MARITIME LTD (THE "LILA LISBON")

[2024] EWHC 2075 (Comm), King's Bench Division, Commercial Court, Mrs Justice Dias, 9 August 2024

Ship sale – Seller's default – Seller failing to give notice of readiness – Buyer terminating agreement – Damages – Loss of bargain – Norwegian Sale Form 2012 – Sale of Goods Act 1979, section 51 – Arbitration Act 1996, section 69

The claimant seller had sold to the defendant buyer the Capesize bulk carrier Lila Lisbon pursuant to a memorandum of agreement (MOA) dated 4 June 2021 based on an amended Norwegian Saleform 2012.