METAL SCRAP TRADE CORPORATION v. KATE SHIPPING CO. LTD. (THE “GLADYS”) (No. 2)
[1994] 2 Lloyd's Rep. 402
QUEEN’S BENCH DIVISION(COMMERCIAL COURT)
Before Mr. Justice Potter
Sale of ship - Binding contract - Arbitration agreement - Negotiations for sale of ship - Defendants refused to proceed with sale - Whether binding contract of sale came into existence before defendants withdrew - Whether contract contained arbitration agreement.