Hong Kong Case Law: Decisions & Judgments | LexChat

Hong Kong Case Law

Nomination of vessel
  • 10 Mar 1990

    TIMUR JAYA CO LTD v. KARIM\'S INTERNATIONAL (a firm)

    Citation
    TIMUR JAYA CO LTD v. KARIM\'S INTERNATIONAL (a firm)
    Court
    Court of First Instance
    Case number
    HCA6602/1988

    Court found plaintiff had promised but failed to provide agreed inspection in sufficient time and that negotiations on L/C and price remained unsettled so defendant was not obliged to provide a negotiable Letter of Credit; defendant treated plaintiff's breach as discharging further performance and validly terminated resulting contracts; plaintiff's claim failed for lack of proof and credible evidence; defendant's counterclaim succeeded for proven loss of US$30,000 plus interest and costs.