Ravennavi Spa v New Century Shipbuilding Company Ltd – Court of Appeal (Tuckey, Jacob and Moore-Bick LJJ) – 7 February 2007

Contract – Option agreement entitling buyers to acquire two additional tankers on terms of earlier shipbuilding contract containing “entire agreement” clause – Clause 4(ii) of option agreement entitling buyers to earlier delivery in certain circumstances – Buyers exercising option – Buyers contending sellers in breach of clause 4(ii) – Whether clause 4(ii) survived exercise of option

(2007) 712 LMLN 1