Lloyd's Maritime Law Newsletter
26/91
C.&f. sale contract providing the determination of cargo quantity by shippers to be binding - Strong possibility that quantity determined by shippers was inaccurate - Whether buyers entitled to withhold payment in respect of disputed quantity
The claimants sold to the respondents a quantity of 50,000 tonnes of fuel oil on a c.&f. basis. Payment was to be made “in
full net cash based on bill of lading quality” under a letter of credit against presentation of documents. The contract also
provided: