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

Richard Southern QC

[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.

Date added: June 15th, 1994

Area of Expertise

Banking & finance
Shipping, admiralty & transport