Lloyd's Law Reports

Professor Robert Merkin KC; Dr Johanna Hjalmarsson

Document

MERITZ FIRE AND MARINE INSURANCE CO LTD v JAN DE NUL NV AND ANOTHER

[2011] 2 Lloyd's Rep. 379

COURT OF APPEAL

Before Lord Justice Laws, Lord Justice Longmore and Lord Justice Etherton

Guarantee — Advance payment guarantees for shipbuilding contracts — Whether guarantor discharged by variations of the shipbuilding contracts — Whether corporate changes limited defendant’s right to make contractual demands triggering liability under the guarantees — Uniform Rules for Demand Guarantee of the International Chamber of Commerce (ICC) 1992.

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