PT Berlian Laju Tanker TBK and Anr v Nuse Shipping Ltd (The “Aktor”) – QBD (Com Ct) (Christopher Clarke J) – 16 June 2008

Sale of ship – Norwegian Sale Form – Payment of purchase price – Sellers nominating bank in Singapore for payment of 10% deposit and nominating bank in Greece for payment of balance of price – Buyers paying deposit in Singapore but refusing to pay price in Greece – Whether entire price payable in Singapore – Whether 10% of price could be paid in Singapore – Whether buyers entitled to rectify MOA to reflect Recap email – Whether payment in Greece was condition of contract – Whether sellers validly rescinded contract

(2008) 747 LMLN 1