DAMON COMPANIA NAVIERA S.A. v. HAPAG-LLOYD INTERNATIONAL S.A. (THE "BLANKENSTEIN", "BARTENSTEIN" AND "BIRKENSTEIN")

[1983] 2 Lloyd's Rep. 522

QUEEN'S BENCH DIVISION (COMMERCIAL COURT)

Before Mr. Justice Leggatt

Sale of ship - Non-performance - Buyers failed to pay deposit and sign agreement within time limit - Sellers sold ships elsewhere - Whether contract relied on by sellers not a concluded contract - Whether buyers bound by novation purportedly made on its behalf - Whether sellers could claim deposit.