STATE TRADING CORPORATION OF INDIA LTD. v. COMPAGNIE FRANCAISE D'IMPORTATION ET DE DISTRIBUTION
[1983] 2 Lloyd's Rep. 679
QUEEN'S BENCH DIVISION(COMMERCIAL COURT)
Before Mr. Justice Lloyd
Sale of goods - Waiver - Letter of credit to be opened immediately - Buyers failed to confirm letters of credit immediately - Sellers declined to ship goods - Whether sellers in default - Whether sellers had waived any breach to open letters of credit immediately.