Lloyd's Law Reports

Professor Robert Merkin KC; Dr Johanna Hjalmarsson

Document

GLOBAL TANKERS INC. v. AMERCOAT EUROPA N.V.

[1975] 1 Lloyd's Rep. 666

QUEEN'S BENCH DIVISION

Before Mr. Justice Kerr

Contract - Guarantee - Anti-corrosive painting of vessel's tanks - 3-year guarantee "backed by insurance"-Claim under guarantee - Offer of "£120,800 in full and complete settlement". . . "A sum of this magnitude must come from the Insurance"-Whether offer conditional on underwriters' paying agreed sum to defendants - Whether offer accepted on behalf of plaintiff shipowners or whether counter-offer made.

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