Read the full judgment text of on BabelCite. was delivered on 7 May 2007.
1. At the conclusion of the hearing we announced that, for reasons to be handed down later, the appeal was allowed to restore the decision at first instance. Upon this announcement, the appellant World Fuel Services (Singapore) Pte Ltd (“World Fuel”) asked for costs here and below. And upon the respondent Florens Container Inc. (“Florens”) indicating that it did not resist such costs, the same were awarded to World Fuel. We now hand down our reasons for allowing the appeal.