||All England Reporter
|| All ER (D) 138 (Apr)
|| EWCA Civ 522
||Court of Appeal, Civil Division
Rix, Moses LJJ and Briggs J
||Jonathan Hirst QC (instructed by White & Case LLP) for the claimant.
||Mark Templeman QC (instructed by Curtis Davis Garrard LLP) for the defendants.
||26 April 2012
Contract - Construction - Contractual term - Parties entering into mobile offshore drilling unit contract - Contract providing for invoices to be rendered in United States dollars - Exchange rate falling from date of contract to date of commencement - Dispute arising as to construction of several clauses relating to defendants' remuneration - Defendants arguing exchange rate applying only to variation remuneration since contract agreed - Judge finding remuneration to be determined by exchange rate applicable at time of invoice - Whether judge erring.
Contract Construction. The Court of Appeal, Civil Division, upheld a decision that, on a proper construction of a mobile offshore drilling unit contract, the exchange rate that had applied to components of operating costs had applied to the whole of those components rather than merely the difference created by the variation between the costs anticipated at the date of the agreement and the costs actually incurred.
- An Official transcript is the final version of the judgment prepared by shorthand writers. LexisLibrary contains all judgments from the High Court and aboveView Judgment
- Commentary discussing this particular case from LexisLibrary's comprehensive range of titles including Butterworths, Halsbury's and TolleyView related commentary
- The All England Law Reports comprises judgments with headnotes and catchwords indicating the area of law and key issues of the case prepared by legally qualified editorsFind AllER Reports
- Cases related to this particular case that are related to, or discuss this caseView related cases