The Weekly Law Reports
[2025] 2 WLR 181
Court of Appeal
King Crude Carriers SA and others v Ridgebury November LLC and others
[2024] EWCA Civ 719
2024 May 1, 2; June 27
Popplewell, Nugee, Falk LJJ
Contract— Breach— Debt— Contract for sale of oil tankers— Buyer required to pay deposit into escrow account and provide escrow holders with necessary documentation— Deposit never paid because of buyer’s failure to provide documentation— Provision of documentation condition precedent to accrual of buyer’s obligation to pay deposit— Whether buyer liable to seller in debt for failure to pay deposit— Whether buyer precluded from relying on non-fulfilment of condition precedent to avoid obligation in debt— Whether condition precedent deemed to have been fulfilled