W. J. ALAN & CO. LTD. v. EL NASR EXPORT AND IMPORT COMPANY

[1971] 1 Lloyd's Rep. 401

QUEEN'S BENCH DIVISION(COMMERCIAL COURT)

Before Mr. Justice Orr (sitting as an additional Judge of the Queen's Bench Division)

Sale of goods (f.o.b.) - Coffee sold by Kenyan buyers to Egyptian sellers at "Shs. 262/-" per cwt. - Whether term meant English shillings or Kenyan shillings - Whether opening of irrevocable credit absolved buyers themselves from paying price - Whether currency of account varied by accepting payment under credit - Whether estoppel established - Whether claim barred by arbitration clause or arbitration award - Coffee Trade Federation f.o.b. contract, clauses 34, 36. Arbitration - Award - Error of law on face of award - Whether other documents incorporated into award - Whether arbitrators guilty of misconduct - Whether award should be set aside. Conflict of laws - Proper law - Process of determining "currency of account". Banking - Irrevocable letter of credit - Whether opening of credit absolved buyers themselves from paying price.