SHANGHAI SHIPYARD CO LTD v REIGNWOOD INTERNATIONAL INVESTMENT (GROUP) CO LTD

[2021] 2 Lloyd's Rep. 51

QUEEN’S BENCH DIVISION(COMMERCIAL COURT)

Before Mr Justice Robin Knowles

Guarantee – Shipbuilding contract – Builder claiming final instalment of price – Dispute as to whether buyer liable to pay final instalment – Builder claiming final instalment from guarantor on basis that guarantee was a demand guarantee – Whether guarantee a demand guarantee or a see to it guarantee – Whether guarantor's liability dependent upon time of commencement of arbitration relating to underlying dispute.