Songa Product and Chemical Tankers IV AS v Gardsea Shipping Inc [2026] EWHC 1559 (Comm) - King's Bench Division, Commercial Court (Paul Stanley KC, sitting as a Deputy High Court Judge) - 23 June 2026

Ship sale - Saleform 2012 as amended - Payment obligation - Payment not later than three banking days - Place of payment - Arbitration Act 1996, section 69

By a Memorandum of Agreement dated 8 July 2022 the claimant sellers agreed to sell the vessel Songa Coral to the defendant buyers for US$25 million. The MOA was based on the Saleform 2012, with variations.