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Manatee Towing Co and another v Oceanbulk Maritime SA and another; Oceanbulk Maritime SA and another -v- Manatee Towing Co and others; Manatee Towing Co and another -v- McQuilling Brokerage Partners Inc

18th May 1999

[1999] 2 All ER (Comm) 306

David Bailey – Contract – Enforceability – Certainty of terms – Negotiations taking place on a particular day for sale of tanker – Offer to buy made based on main terms but subject to agreement of further terms and conditions – Recap sent at end of day recording main terms agreed, but parties intending that negotiations would continue until all further terms and conditions had been agreed – Whether negotiations resulted in final agreement capable of giving rise to a binding contract.

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