Lloyd's Law Reports

Professor Robert Merkin KC; Dr Johanna Hjalmarsson

Document

W. A. PHILLIPS, ANDERSON & CO., LTD. v. EUXINE SHIPPING COMPANY, LTD.

[1955] 2 Lloyd's Rep. 512

QUEEN'S BENCH DIVISION.

Before Mr. Justice Sellers.

Agency-Secret commission-Ship under construction-Option to build sister ship at reduced price for both-Transfer of option -Ship built for transferee-Brokers' commission shared with transferor- Transferee not informed-Whether transferee and transferor in relation of principal and principal or principal and agent-Nature of option-Transferability.

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