Lloyd's Law Reports

Professor Robert Merkin KC; Dr Johanna Hjalmarsson

Document

S.C.C.M.O. (LONDON), LTD. v. SOCIETE GENERALE DE COMPENSATION.

[1956] 1 Lloyd's Rep. 290

QUEEN'S BENCH DIVISION.

Before Mr. Justice Sellers.

Contract-Sale of goods (f.o.b.)-Guarantee of performance by buyers - Payment against documents-Buyers to deposit sum as guarantee that credits would be opened- Whether fundamental or collateral to main contract-Failure to provide guarantee in accordance with contract - Force majeure -Waiver by sellers-Reinstatement of term as to provision of guarantee-Extension of period during which guarantee could be provided.

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