MORALICE (LONDON), LTD. v. E. D. & F. MAN.

[1954] 2 Lloyd's Rep. 526

QUEEN'S BENCH DIVISION.

Before Mr. Justice McNair.

Contract-Indemnity-Enforceability- Consideration -Sale of goods (c.i.f.)-Payment against documents-Insignificant short shipment by sellers' suppliers-Refusal by bank to accept documents-Indemnity given by suppliers to sellers against liability arising from consequences of short shipment-Payment by bank upon indemnity by sellers-Refusal by buyer to accept documents-Compromise payment by sellers-Right of recovery from suppliers-Applicability of de minimis rule to documentary credits.