Lloyd's Maritime Law Newsletter
Korea Shipbuilding & Offshore Engineering Co Ltd and Another v F Whale Corporation and Another – QBD (Comm Ct) (Teare J) [2020] EWHC 631 (Comm) – 19 March 2020
Contract – Shipbuilding contract – Claims made by shipbuilders for deferred instalments of price against buyers and guarantors – Whether demands invalid – Whether claims time-barred – Whether claims compromised by US Chapter XI proceedings
These were six actions in which two South Korean shipbuilding companies claimed against a Taiwanese shipping company, TMT
Co Ltd (TMT), and individual buyer companies within the TMT group, under six different shipbuilding contracts.