27 Nov 1991
HONSAICO TRADING LTD v. HONG YIAH SENG CO LTD
- Citation
- HONSAICO TRADING LTD v. HONG YIAH SENG CO LTD
- Court
- Court of First Instance
- Case number
- HCCL116/1989
No variation reducing quantity to 50,000 M.T. was proved; defendant breached the contract by failing to nominate vessels and open letters of credit after plaintiff's demand (breach dated 18 October 1989); damages under s.52(3) are payable as the difference between contract price (US$230/MT) and market price on 18 October 1989 (found US$189/MT) applied to the proved shortfall of 47,120 M.T., totaling US$1,931,920; defendant's counterclaim dismissed.