TRANSPETROL LTD. v. TRANSOL OLIEPRODUKTEN NEDERLAND B.V.
[1989] 1 Lloyd's Rep. 309
QUEEN’S BENCH DIVISION(COMMERCIAL COURT)
Before Mr. Justice Phillips
Sale of goods (c.i.f.) - Repudiation - Buyers failed to open letter of credit within time stipulated in contract - Sellers refused to perform contract - Whether sellers wrongly repudiated contract - Time by which letter of credit to be opened.