Changes

This case concerned two appeals by the Claimant, Jiangsu Guoxin Corporation Ltd as Seller, brought pursuant to s 69 of the Arbitration Act 1996, against two partial final awards dated 20 November 2018 awarded by the Tribunal. The Seller contended that it was entitled to rely on the Prevention Principle and to an extension of time due to alleged unlawful rejection by the Buyer, Precious Shipping. This decision determined that, on the facts of the case, the prevention principle Prevention Principle did not apply and after examining the relevant provisions provided for in the Articles of the shipbuilding contracts (“the SBC’s”) on amended Shipbuilders Association of Japan (SAJ) forms. The , the Court dismissed the appeals.