26 Feb 2014
RESOURCE NEW ZEALAND LIMITED v MEDITERRANEAN SHIPPING CO S.A. [2014] NZHC 292
- Citation
- [2014] NZHC 292
- Court
- High Court
Clause 16.2 of the bill of lading unambiguously earned freight on receipt of the goods and expressly precluded set-off; Resources NZ failed to establish a genuine and substantial dispute about the debt or an arguable counterclaim or equitable set-off that would impeach MSC's title to the freight; commercial parties are to be held to their bargain and the statutory demand must not be set aside; application dismissed and time to comply extended.