RAINY SKY SA AND OTHERS v KOOKMIN BANK
[2011] 1 Lloyd's Rep 233
COURT OF APPEAL
Before Lord Justice Thorpe, Lord Justice Patten and Sir Simon Tuckey
Contract — Guarantee — Shipbuilding contracts — Bank issuing advance payment bonds guaranteeing repayment to buyers of pre-delivery instalments of purchase price in certain events — Whether bond covered contractual repayments due from shipbuilder to buyers on insolvency of shipbuilder.