EURO-ASIAN OIL SA v ABILO (UK) LTD AND ANOTHER; EURO-ASIAN OIL SA v CREDIT SUISSE AG
 1 Lloyd's Rep. 287
QUEEN'S BENCH DIVISION((COMMERCIAL COURT))
Before Mr Justice Cranston
Banking - Letter of credit - Sale of goods - Letter of indemnity - Contract for sale of gasoil CIF Constanza - Payment to be made against shipping documents or letter of indemnity - Letter of indemnity signed by seller and by seller's bank - Buyer paying price but receiving no product - Buyer suing seller and seller's bank - Whether contract in fact on CIF terms - Whether buyer liable in deceit - Whether seller entitled to damages - Whether seller's bank entitled to indemnity or contribution from seller.