Pacific Carriers Ltd -v- Banque Nationale de Paris [2001] NSWSC 963

New South Wales Supreme Court

CITATION : Pacific Carriers Ltd -v- Banque Nationale de Paris [2001] NSWSC 963 CURRENT JURISDICTION: Equity Division Admiralty List FILE NUMBER(S) : SC 8/99 HEARING DATE(S) : 17.10.01, 24.10.01 JUDGMENT DATE : 24 October 2001

Pacific Carriers Limited - Plaintiff PARTIES : Banque Nationale de Paris - First Defendant Swiss Singapore Overseas Enterprises - Cross Defendant New England Agricultural Traders - Cross Defendant JUDGMENT OF : Hunter J

Pacific Carriers Ltd: A Street SC, G Nell COUNSEL : Banque Nationale de Paris: B Rayment QC, P King, I Davidson, M Pesman New England Agricultural Traders: M McHugh Swiss Singapore Overseas Enterprises: F Douglas QC & G Rich Pacific Carriers Ltd: Norton White SOLICITORS : Banque Nationale de Paris: Corrs Chambers Westgarth New England Agricultural Traders: Withnell Hetherington Swiss Singapore Overseas Enterprises: Phillips Fox CATCHWORDS : Supplementary reasons to principal judgment - determination of currency in which judgment sum expressed - factors determining date of conversion and conversion rates for the currencies - factors determining applicable rates of interest to judgment - whether factors existed to depart from usual order as to costs - indemnity costs refused. Brown Boveri (Australia) Pty Ltd v Baltic Shipping Co (1989) 15 NSWLR 448 CASES CITED : Miliangos v George Frank (Textiles) Ltd No 2 (1977) 1 QB 489 Helmsing v Malta Dry Docks (1977) 2 Lloyds Rep 444 BP Exploration v Hunt (No 2) (1979) 1 WLR 783 DECISION : In terms of pars 50 - 56.