ASTILLEROS ESPANOLES S.A. AND BANCO EXTERIOR DE ESPANA S.A. v. BANK OF AMERICA NATIONAL TRUST AND SAVINGS ASSOCIATION
[1993] 2 Lloyd's Rep. 521
QUEEN’S BENCH DIVISION(COMMERCIAL COURT)
Before Mr. Justice Hobhouse
Banking - Letter of guarantee - Construction - Shipbuilding contract - Default in payment of instalments - Defendants made payments - Whether payments discharged defendant’s liability under guarantee.