Vandelay Shipping Fuels Limited (Vandelay) is a company engaged in selling fuel oil for ships. It entered into a contract with a shipping company, Soylent Navigation Limited (Soylent) to sell it 50 metric tons of fuel oil. The fuel oil was to be delivered to the ship of the shipping company, ‘Serenity’. The supply was to come from a lot of 200 MT which Soylent had examined and approved. The lot was stored in a tank at the port. The contract was silent as to when the ownership will transfer to the buyer. The contract term stated:

1. The fuel oil will be delivered to the buyer within 6 days of the buyer paying the price.

2. The buyer must pay before the goods are delivered to the seller.

3. The ownership in the goods would not transfer till the seller is fully paid.

The buyer paid the full amount on August 4. Thereafter, the government imposed a sanction on Vandelay from transferring ownership in goods as it had accumulated taxes to the government. Vandelay could deliver the goods to the buyers where the ownership had been transferred. However, it could not transfer ownership after having received the sanction. Soylent is claiming that Vandelay should deliver the fuel oil. Vandelay asserts that it is barred by the sanction to deliver the fuel oil to Soylent. Has the ownership in 50 MT transferred to Soylent?