NESTE OY v. LLOYDS BANK PLC (THE "TIISKERI", "NESTEGAS" AND "ENSKERI")
[1983] 2 Lloyd's Rep. 658
QUEEN'S BENCH DIVISION(COMMERCIAL COURT)
Before Mr. Justice Bingham
Banking - Set-off - Shipowners transferred funds to discharge liabilities incurred by vessels - Whether funds held in trust to be applied in specified way - Whether bank had notice of position - Whether bank precluded from exercising any right of set-off in respect of funds.