Lloyd's Law Reports

Professor Robert Merkin KC; Dr Johanna Hjalmarsson

Document

PETROMEC INC. v. PETROLEO BRASILIRO S.A. PETROBRAS, BRASPETRO OIL SERVICES COMPANY, SOCIETA ARMAMENTO NAVI APPOGGIO S.p.A., DEN NORSKE BANK ASA [2004] EWCA Civ 156

[2004] 1 Lloyd's Rep. 629

COURT OF APPEAL

Before Lord Justice Brooke, Lord Justice Sedley and Mr. Justice Jacob

Shipping - Contract for sale of production platform - Payment to be made over a 12-year period - Contract providing that in event of total loss full payment was due within 90 days - Whether interest on sum due ran from date of total loss or date on which full payment fell due.

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