GUARDIAN OCEAN CARGOES LTD., TRANSORIENT SHIP CARGOES LTD., MIDDLE EAST AGENTS S.A.L. AND MED LINES S.A. v. BANCO DO BRASIL S.A.

[1991] 2 Lloyd's Rep. 68

QUEEN’S BENCH DIVISION(COMMERCIAL COURT)

Before Mr. Justice Hirst

Banking - Ship finance - Negotiations between plaintiffs and bank for refinancing of vessel - Plaintiffs paid three instalments to bank - Whether moneys paid conditional on conclusion of refinancing deal - Whether plaintiffs entitled to recover moneys so paid - Whether parol evidence rule applied.