Lloyd's Law Reports

Professor Robert Merkin KC; Dr Johanna Hjalmarsson

Document

STATE TRADING CORPORATION OF INDIA LTD. v. M. GOLODETZ LTD. (Now TRANSCONTINENTAL AFFILIATES LTD.)

[1989] 2 Lloyd's Rep. 277

COURT OF APPEAL

Before Lord Justice Kerr Lord Justice Lloyd and Lord Justice Butler-Sloss

Sale of goods (c. & f.) - Non-performance - Sale and purchase of good afloat - Buyers failed to open letter of credit and sellers failed to open counter-trade guarantee - Whether buyers excused from liability - Whether sellers’ obligation to open counter-trade guarantee a condition.

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