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Ravennavi Spa -v- New Century Shipbuilding Co Ltd

7th Feb 2007

[2007] 2 Lloyd’s Rep. 24, [2007] 2 All ER (Comm) 756, [2006] 2 Lloyd’s Rep. 280

Alistair Schaff QC and Richard Waller – Contract – Option agreement – Buyer having option to purchase two vessels from shipbuilders – Option agreement providing for vessels to be delivered by specified dates with earlier delivery if possible – Options exercised under shipbuilding contracts containing “entire agreement” clause – Buyer contending that shipyard was in breach of its obligation to make earlier delivery – Shipyard contending that obligation to make earlier delivery lapsed on exercise of option – Determination of preliminary issues on construction of option agreement and shipbuilding contracts.

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