SIPOREX TRADE S.A. v. BANQUE INDOSUEZ
[1986] 2 Lloyd's Rep. 146
QUEEN'S BENCH DIVISION(COMMERCIAL COURT)
Before Mr. Justice Hirst
Banking - Letter of credit - Performance bond - Sellers alleged buyers in default and claimed under bond - Whether bond created absolute obligation - Whether notices of demand defective - Whether letter of credit complied with contract - Whether sellers only entitled to recover on proof of actual financial loss.