Lloyd's Law Reports

Professor Robert Merkin KC; Dr Johanna Hjalmarsson

Document

RAVENNAVI SPA v NEW CENTURY SHIPBUILDING CO LTD

[2007] 2 Lloyd's Rep. 24

COURT OF APPEAL

Before Lord Justice Tuckey Lord Justice Jacob and Lord Justice Moore-Bick

Contract - Option agreement - Buyer having option to purchase two vessels from shipbuilders - Option agreement providing for vessels to be delivered by specified dates with earlier delivery if possible - Options exercised under shipbuilding contracts containing “entire agreement” clause - Buyer contending that shipyard was in breach of its obligation to make earlier delivery - Shipyard contending that obligation to make earlier delivery lapsed on exercise of option - Determination of preliminary issues on construction of option agreement and shipbuilding contracts.

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