STATE TRADING CORPORATION OF INDIA LTD. v. M. GOLODETZ LTD.
[1988] 2 Lloyd's Rep. 182
QUEEN’S BENCH DIVISION(COMMERCIAL COURT)
Before Mr. Justice Evans
Sale of goods (c. & f.) - Non-performance - Sale and purchase of goods afloat - Buyers failed to open letter of credit and sellers failed to open counter-trade guarantee - Whether buyers excused from liability - Whether sellers’ obligation to open counter-trade guarantee a condition.