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Shanghai Shipyard Co Ltd v Reignwood International Investment (Group) Co Ltd  EWCA Civ 1147
Shipbuilding: “see to it” or demand guarantee?
By a shipbuilding contract dated 21 September 2011 between the appellant builder and the respondent Reignwood as buyer, the
builder agreed to build an offshore drillship for a total price of US$200 million. Reignwood had no experience of the offshore
drilling industry and agreed to participate in the purchase of four drillships as a financial investor.
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