SOHIO SUPPLY CO. v. GATOIL (USA) INC.

[1989] 1 Lloyd's Rep. 588

COURT OF APPEAL

Before Lord Justice Staughton and Sir Denys Buckley

Sale of goods (f.o.b.) - Letter of credit - Buyers required to open letter of credit 10 days prior to estimated loading date - Meaning - Whether buyers in breach - Proceedings commenced by buyers in Texas - Whether applications to stay or set aside proceedings should be granted - Whether buyers should be restrained from proceeding in the Texan Court.