Seller beware: Court of Appeal clarifies buyers’ rights under the Norwegian Saleform 2012

In an important development in the ship sale and purchase arena, the Court of Appeal has recently held that clause 14 of the Norwegian Saleform 2012 (“NSF 2012”) entitles buyers to wider “loss of bargain” damages in circumstances where they exercise their right to cancel due to the seller’s proven negligence.

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