W. J. ALAN & CO. LTD. v. EL NASR EXPORT AND IMPORT CO.

[1972] 1 Lloyd's Rep. 313

COURT OF APPEAL

Before Lord Denning, M.R., Lord Justice Megaw and Lord Justice Stephenson

Sale of goods (f.o.b.) - Coffee sold by Kenyan sellers to Egyptian buyers at "Shs. 262/-" per cwt. - Whether term meant English shillings or Kenyan shillings - Whether opening of irrevocable credit absolved buyers themselves from paying price - Whether currency of account varied by accepting payment under credit - Whether estoppel established - Whether claim barred by arbitration clause or arbitration award - Coffee Trade Federation f.o.b. contract, clauses 34, 36. Arbitration - Award - Error of law on face of award - Whether other documents incorporated into award - Whether arbitrators guilty of misconduct - Whether award should be set aside. Conflict of laws - Proper law - Process of determining "currency of account". Banking - Irrevocable letter of credit - Whether opening of credit absolved buyers themselves from paying price.