ANANGEL ATLAS COMPANIA NAVIERA S.A. AND OTHERS v. ISHIKAWAJIMA-HARIMA HEAVY INDUSTRIES CO. LTD. (No. 2)

[1990] 2 Lloyd's Rep. 526

QUEEN’S BENCH DIVISION(COMMERCIAL COURT)

Before Mr. Justice Hirst

Shipbuilding contract - Validity - Defendants to build four vessels for plaintiffs - Letters providing that plaintiffs entitled to “most favoured customer” treatment - Price differential between plaintiffs’ vessels and vessels built for other buyers - Whether letters constituted binding contract - Whether plaintiffs entitled to reimbursement of price differential and/or damages.