Lloyd's Law Reports

Professor Robert Merkin KC; Dr Johanna Hjalmarsson

Document

WUHAN GUOYU LOGISTICS GROUP CO LTD AND ANOTHER V EMPORIKI BANK OF GREECE SA

[2014] 1 Lloyd's Rep. 266

COURT OF APPEAL

Before Lord Justice LONGMORE,Lord Justice RIMER,Lord Justice TOMLINSON

Banking – Guarantee – Contract for construction and sale of ship – Buyer's bank providing payment guarantee to seller in respect of second instalment of purchase price – Whether guarantee or demand bond.

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