GUARDIAN OCEAN CARGOES LTD., TRANSORIENT SHIP CARGOES LTD., MIDDLE EAST AGENTS S.A.L. AND MED LINE S.A. v. BANCO DO BRASIL S.A. (Nos 1 and 3)

[1994] 2 Lloyd's Rep. 152

COURT OF APPEAL

Before Lord Justice Butler-Sloss, Lord Justice Mann and Lord Justice Saville

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.