Lloyd's Law Reports

Professor Robert Merkin KC; Dr Johanna Hjalmarsson

Document

EDWARD OWEN ENGINEERING LTD. v. BARCLAYS BANK INTERNATIONAL LTD. AND UMMA BANK

[1978] 1 Lloyd's Rep. 166

COURT OF APPEAL

Before Lord Denning, M.R., Lord Justice Browne and Lord Justice Geoffrey Lane

Banking - Letter of credit - Performance bond - Contract between English suppliers and Libyan customers - English bank issued performance bond - Libyan bank issued unconfirmed letter of credit - English suppliers repudiated contract - Whether English bank bound by performance bond.

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