Lloyd's Law Reports

Professor Robert Merkin KC; Dr Johanna Hjalmarsson

Document

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

[2026] 1 Lloyd's Rep 125

COURT OF APPEAL

Before Lord Justice Phillips,Lord Justice Nugee,Lord Justice Birss

Ship sale – Seller's default – Seller failing to give notice of readiness – Buyer terminating agreement – Damages – Loss of bargain – Norwegian Saleform 2012, clause 14 – Arbitration Act 1996, section 69.

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