We use cookies to improve your website experience. To learn about our use of cookies and how you can manage your cookie settings, please see our Cookie Policy. By continuing to use the website, you consent to our use of cookies. Close

EURO-ASIAN OIL SA v ABILO (UK) LTD AND ANOTHER; EURO-ASIAN OIL SA v CREDIT SUISSE AG

Lloyd's Law Reports

EURO-ASIAN OIL SA v ABILO (UK) LTD AND ANOTHER; EURO-ASIAN OIL SA v CREDIT SUISSE AG

[2017] 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.

The rest of this document is only available to i-law.com online subscribers.

If you are already a subscriber, please enter your details below to log in.

Enter your email address to log in as a user on your corporate account.
Remember me on this computer

Not yet an i-law subscriber?

Devices

Request a trial Find out more