Ravennavi Spa v New Century Shipbuilding Company Ltd - QBD (Com Ct) (Gloster J) - 4 April 2006

Contract - Option agreement entitling buyers to acquire two tankers for delivery by specified dates - Clause 4(ii) of option entitled buyers to earlier delivery in certain circumstances and containing provision that on exercise of option a shipbuilding contract should come into existence automatically - Buyers exercising option - Shipbuilding contracts containing "entire agreement" clause - Buyers contending sellers in breach of clause 4(ii) of option - Whether clause 4(ii) survived exercise of option

(2006) 692 LMLN 4