JIANGSU GUOXIN CORPORATION LTD v PRECIOUS SHIPPING PUBLIC CO LTD

[2021] 1 Lloyd's Rep. 413

QUEEN’S BENCH DIVISION(COMMERCIAL COURT)

Before Mr Justice Butcher

Contract – Shipbuilding contract – Buyer cancelling contracts on ground of excessive delay by shipbuilder in delivering two of a series of 14 vessels – Seller not operating any contractual machinery for extending delivery dates – Seller contending that delay was caused by buyer's wrongful rejection of earlier vessels – Whether seller entitled to extend delivery dates – Whether “prevention principle” applied.