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Tufton Associates -v- Dilmun Shipping

25th Jun 1991

[1992] 1 Lloyd’s Rep. 71

Charles Priday acted in this Commercial Court decision on ship-finance dispute: acted for successful Plaintiffs.

Ship finance – Arrangement fee – Plaintiffs agreed to arrange ship finance for defendants – Finance offer made by bank – Whether plaintiffs effective cause of offer – Whether terms of bank’s offer different from finance envisaged by plaintiffs and defendants’ contract – Whether plaintiffs failed to exercise due expedition in the arrangement of finance – Whether plaintiffs entitled to an arrangement fee.

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