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Interpretation of contracts in sale and leaseback of vessels

  • Reed Smith LLP
  • -
  • United Kingdom
  • -
  • April 30 2010

In the case of Parbulk AS v Kristen Marine SA - 2010 EWHC 900 (Comm), the claimant was entitled to summary judgment on its claim for its "proven expenses including, but not limited to, legal costs and breakage cost with the Buyer's lenders" following the cancellation of memorandums of agreement for the purchase of four vessels