Lloyd's Maritime Law Newsletter

Shipbuilding - Defective repairs - Arbitration - Serious irregularity - Whether defence relied upon by arbitrator raised in arbitration - Error of law - Whether contract exempted shipyard from liability - Arbitration Act 1996, sections 68 and 69

Contract for construction of a luxury yacht - Joint venture - Whether the yard repudiated the contract - Whether loans by the buyer to the yard formed part of the purchase price - Whether the yard's inability to arrange self-supporting finance was a force majeure event entitling the buyer to delay payment of instalments - Whether the buyer was entitled to transfer of title - Whether the yard was entitled to terminate for the buyer's default