Two Greek ships collided in April 1974 off Shanghai. On July 7, 1976, a settlement was arrived at under which it was agreed that the owners of Despina R should pay to the owners of the Eleftherotria 85% of the loss and damage caused by the collision. This was a tort case based on negligence. The award was given in a foreign currency, and this appeal resulted.

This section contains the nature of the case and procedural background.

The legal issues presented in this case will be displayed here.

The court's holding and decision will be displayed here.

Legal analysis from Dean's Law Dictionary will be displayed here.