Lloyd's Law Reports

Professor Robert Merkin KC; Dr Johanna Hjalmarsson

Document

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

[2026] 2 Lloyd's Rep 323

SUPREME COURT

Before Lord Briggs,Lord Hamblen,Lord Burrows,Lord Stephens,Lord Doherty

Ship sale – Remedies – 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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