COVINGTON MARINE CORP AND OTHERS v XIAMEN SHIPBUILDING INDUSTRY CO LTD

[2006] 1 Lloyd's Rep. 745

QUEEN’S BENCH DIVISION (COMMERCIAL COURT)

Before Mr Justice Langley

Arbitration - Shipbuilding - Claims by buyers for repudiation of contracts by builders - Builders denying that binding contracts entered into - Arbitrators ruling that contracts automatically rescinded by reason of conditions not being met - Buyers’ claim dismissed - Appeal under Arbitration Act 1996, section 69 - Whether arbitrators correct.