NG CHEE CHONG, NG WENG CHONG, NG CHENG AND NG YEW (a firm trading as MARAN ROAD SAW MILL) v. AUSTIN TAYLOR & COMPANY LIMITED

[1975] 1 Lloyd's Rep. 156

QUEENS BENCH DIVISION(COMMERCIAL COURT)

Before Mr. Justice Ackner

Sale of goods - Payment cash against documents to sellers' agent - Agency agreement - Construction - Whether agent's obligation to pay the sellers discharged - Letter of credit - Parties accepting and operating letter of credit not conforming with terms requested - Bills of exchange drawn by sellers under letter of credit - Bills negotiated with Bangkok Bank - Whether Bangkok Bank confirming the letter of credit-Bills dishonoured- Bills of Exchange Act, 1882, ss. 47 (2), 55 (1) - Whether sellers under legal liability to repay Bangkok Bank - Whether sellers entitled to claim money repaid to the Bangkok Bank from agents - Uniform Customs and Practice for Documentary Credits.