HAUGLAND TANKERS A.S. v. RMK MARINE GEMI YAPIM SANAYII ve DENIZ TASŞIMACILIGğI ISŞLETMESI A.S.
[2005] 1 Lloyd's Rep. 573
QUEEN’S BENCH DIVISION (COMMERCIAL COURT)
Before Mr. Justice Langley
Contract - Option agreement - Buyer having option to buy sister ship from shipbuilders - Option agreement required payment of commitment fee simultaneously with declaration of option - Buyer declaring option without paying commitment fee - Whether option validly exercised.