Lloyd's Law Reports

Professor Robert Merkin KC; Dr Johanna Hjalmarsson

Document

ETABLISSEMENTS CHAINBAUX S.A.R.L. v. HARBORMASTER, LTD.

[1955] 1 Lloyd's Rep. 303

QUEEN'S BENCH DIVISION.

Before Mr. Justice Devlin.

Sale of goods-Payment-Condition precedent- Waiver-Letter of credit to be opened "within a few weeks" - Time of the essence-Acquiescence by sellers in delay in opening letter of credit-Subsequent justified-Term that letter of credit to be opened within a certain time not reimposed by sellers-Buyers unable to fulfil condition precedent as to payment within reasonable time-Meaning of "reasonable time."

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