GUARDIAN OCEAN CARGOES LTD., TRANSORIENT SHIP CARGOES LTD., MIDDLE EAST AGENTS S.A.L. AND MED LINES S.A. v. BANCO DO BRASIL S.A. (No. 3)

[1992] 2 Lloyd's Rep. 193

QUEEN’S BENCH DIVISION(COMMERCIAL COURT)

Before Mr. Justice Hirst

Practice - Interest - Compound interest - Ship finance - Negotiations between plaintiffs and bank for refinancing of vessel - Court held instalments paid by plaintiffs conditional on conclusion of refinancing deal - Plaintiffs claimed interest - Whether plaintiffs entitled to compound interest.