In the recent (July 2016) judgment handed down in the High Court case of Saga Cruises and another v Fincantieri SPA, several provisions commonly found in refit agreements come under the spotlight, including a provision dealing with liquidated damages for late redelivery. The case concerns the refit of the 1981-built cruise ship “SAGA SAPPHIRE” (formerly the “BLEU DE FRANCE”). A refit agreement was entered into between Saga and Fincantieri for a price of approximately €14,000