ZEGLUGA POLSKA S.A. v. T R SHIPPING LTD. (No. 2)
[1998] 2 Lloyd's Rep. 341
COURT OF APPEAL
Before Lord BINGHAM OF Cornhill, C.J., Lord Justice Potter and Sir Ralph Gibson
Sale of ship - Cancellation - Notice of readiness - Contract for sale and purchase of ship - Balance of purchase money to be paid within three banking days after vessel ready for delivery - Sellers gave seven days’ notice - Buyers failed to pay final instalment - Sellers cancelled contract - When at latest buyers became obliged to make payment - Whether buyers agreed to make payment and take delivery on a particular date.