Modern shipbuilding contracts invariably include clauses on the effect of delays caused by the builder, for which the buyer can request liquidated damages, for each day of delay and rescind the contract for excessive delay, beyond the stipulated cancelling date. What is the position, however, where delay is caused by the buyer?The prevention principle, as it is often called,
Modern shipbuilding contracts invariably include clauses on the effect of delays caused by the builder, for which the buyer can request liquidated damages, for each day of delay and rescind the contract for excessive delay, beyond the stipulated cancelling date. What is the position, however, where delay is caused by the buyer?The prevention principle, as it is often called,