16 Oct 1986
KENCO. (HONG KONG) LIMITED v. PARAMOUNT GARMENTS LIMITED
- Citation
- KENCO. (HONG KONG) LIMITED v. PARAMOUNT GARMENTS LIMITED
- Court
- Court of First Instance
- Case number
- HCA2564/1985
Judge found on the balance of probabilities that the goods were two days late due to defendants' failure to have them ready; contemporaneous documents (letter of guarantee and subsequent correspondence) constituted acceptance of the lateness and obligation to indemnify; parties entered a binding compromise governing return costs and value of goods and plaintiffs, having acted on it by retrieving the goods, are limited to recovery under that compromise (value of goods and apportioned freight/return costs, storage and insurance) and cannot recover loss of profit; interest awarded from date of w…