Lloyd's Law Reports

Professor Robert Merkin KC; Dr Johanna Hjalmarsson

Document

CHISWELL SHIPPING LTD. v. STATE BANK OF INDIA (THE “WORLD SYMPHONY”)

[1987] 1 Lloyd's Rep. 165

QUEEN’S BENCH DIVISION (COMMERCIAL COURT)

Before Mr. Justice Webster

Banking - Guarantee - Withdrawal of vessel for non-payment of hire - Charterers to provide renewable bank guarantee - Bank renewed guarantee in lesser amount - Whether owners entitled to renewal in full amount - Whether guarantee covered arbitration award in respect of dispute relating to pre withdrawal accounts.

The rest of this document is only available to i-law.com online subscribers.

If you are already a subscriber, click Log In button.