Forestal Mimosa Ltd. v. Oriental Credit Ltd. (The Sun Afric) - Ct. of Appeal (Sir John Megaw, Croom-Johnson & Balcombe L.JJ.) - 21 January 1986

Documentary credit - Whether payment dependent on buyers’ acceptance of sellers’ drafts

In May 1985 the plaintiffs (Forestal) made five contracts of sale whereby they agreed to sell five consignments of solid wattle mimosa extract to five separate Pakistani companies, all members of one group of companies. The sales were c. & f. Karachi, from an African port.