CHINA SHIPBUILDING CORPORATION v. NIPPON YUSEN KABUKISHI KAISHA AND GALAXY SHIPPING PTE. LTD. (THE “SETA MARU”, “SAIKYO” AND “SUMA”)

[2000] 1 Lloyd's Rep. 367

QUEEN’S BENCH DIVISION(COMMERCIAL COURT)

Before Mr. Justice Thomas

Shipbuilding contract - Exemption clause - Construction - Builders contracted to build three bulk carriers for buyers - Guarantee period expired - Allegations of defects in erection welding of vessels - Buyers claimed costs of repairing the welding and depreciated value of vessels - Whether liability excluded for defects arising after expiry of guarantee period - Whether losses claimed recoverable.