Lloyd's Law Reports

Professor Robert Merkin KC; Dr Johanna Hjalmarsson

Document

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

[2025] 2 Lloyd's Rep 560

UNITED KINGDOM SUPREME COURT

Before Lord Reed,Lord Hodge,Lord Hamblen,Lord Burrows,Lord Stephens

Contract – Ship sale – Deposit – Buyer not taking steps necessary to lodge deposits – Seller claiming in debt for deposits – Conditions precedent to accrual of debt – Condition precedent to payment of an accrued debt – Deemed fulfilment – Legal fictions – Principle that a person should not derive a benefit from their own breach – Mackay v Dick principle.

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