Lloyd's Law Reports

Professor Robert Merkin KC; Dr Johanna Hjalmarsson

Document

GOLD COAST LTD. v. CAJA DE AHORROS DEL MEDITERRANEO AND OTHERS [2002] EWCA Civ 1806

[2002] 1 Lloyd's Rep. 617

COURT OF APPEAL

Before Lord Justice Simon Brown, Lord Justice Tuckeyand Lady Justice Hale

Shipbuilding contract - Refund guarantee - Construction - Buyers’ obligation to make stage payments as building of ship progressed conditional on prescribed refund guarantees - Whether guarantees demand guarantees independent of shipbuilding contract - Whether guarantors’ liability dependent on liability of principal debtor.

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