KING CRUDE CARRIERS SA AND OTHERS V RIDGEBURY NOVEMBER LLC AND OTHERS

[2025] UKSC 39, UK Supreme Court, Lord Reed, President, Lord Hodge, Deputy President, Lord Hamblen, Lord Burrows, Lord Stephens, 12 November 2025

Contract – Ship sale – Deposit - Maxim that a person could not derive a benefit from their own wrong – Principle in Mackay v Dick – Condition precedent to payment of an accrued debt – Whether right to deposit had accrued

The parties had entered into separate Memoranda of Agreement (MOA) for each of four second-hand oil tankers.