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“Foresight Driller II” Zeeland Navigation Co. Ltd. And Others -v- Banque Worms

15th Jun 1994

[1995] 1 Lloyd’s Rep. 251

Richard Southern – Banking – Sale of ship – Notice requiring sale – Undertaking in loan agreement that if vessel had not secured employment bank could require vessel to be sold – Whether notice requiring sale served within reasonable time – Whether implied limitation on time within which bank entitled to serve notice – Whether plaintiffs in default of loan agreement.

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