BRUNS AND OTHERS v. COLOCOTRONIS (THE "VASSO")

[1979] 2 Lloyd's Rep. 412

QUEEN'S BENCH DIVISION(COMMERCIAL COURT)

Before Mr. Justice Robert Goff

Sale of ship - Charter-party (Time) - Guarantee - Vessel insured against marine risks - Vessel became total loss - Arbitration award in favour of plaintiffs - Whether surety bound by award - Validity of guarantee - Whether plaintiffs could enforce guarantee against defendant - Whether plaintiffs entitled to share in proceeds of insurance - Construction of addendum to contract of sale.