TOTAL SOCIETA ITALIANA PER AZIONI v. LIBERIAN TRANS-OCEAN NAVIGATION CORP. (THE "ALEXANDRA I")
[1971] 2 Lloyd's Rep. 469
QUEEN'S BENCH DIVISION(COMMERCIAL COURT)
Before Mr. Justice Donaldson
Charter-party (voyage) - Bunker fluctuation clause - Freight based on dollars - Bunker fluctuation clause based on fuel suppliers' price lists - Lists expressed in sterling and dollars - Effect of devaluation of sterling - Whether currency of account dollars or sterling.
Conflict of laws - Contract - Charter-party - Proper law of account - Whether determined by law of contract - Whether legal concept of proper currency of account.