Contracts for the sale of ships were supported by bonds guaranteeing their freedom for delivery. Events arose which affected the ships but for which the sellers were not themselves responsible. The guarantee was intended to operate to protect the buyer against any claim arising before delivery, and was not restricted to events which lay at the door of the vendor.
Citations:
Gazette 10-Feb-2000, Times 28-Feb-2000
Jurisdiction:
England and Wales
Transport, Banking
Updated: 11 May 2022; Ref: scu.85664
