Lloyd's Law Reports

Professor Robert Merkin KC; Dr Johanna Hjalmarsson

Document

M/V PACIFIC PEARL CO LTD v OSIOS DAVID SHIPPING INC

[2022] 2 Lloyd's Rep. 448

COURT OF APPEAL

Before Lord Justice Lewison,Lord Justice Males,Lord Justice Snowden

Collision – Security – Letters of undertaking – Collision jurisdiction agreement (ASG 2) – Reasonably satisfactory form of letter of undertaking – Sanctions clause – Offeree's obligation to accept security – Construction of contract – Implication of terms.

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