
Publication
“The Lila Lisbon”: Court of Appeal recognises loss of bargain damages under clause 14 of the Norwegian Saleform 2012
Where Sellers have failed to use reasonable diligence to deliver a vessel by the prescribed cancelling date, are the Buyers entitled (absent repudiation) to loss-of-bargain damages upon cancellation of the agreement (on the NORWEGIAN SALEFORM 2012)? Yes, said the Court of Appeal in Orion Shipping and Trading LLC v Great Asia Maritime Ltd [2025] EWCA Civ 1210.