Read the full judgment text of HCA 003458/1995 on BabelCite. This High Court CFI judgment was delivered on 21 July 1998.
1. This is an action by the Dai-ichi Kangyo Bank ("the Bank") against a Hong Kong company called Ssangyong (HK) Company Limited ("the 1st defendant") and a Korean corporation ("the 2nd defendant"). It relates to the shipment of some sugar from Thailand to Russia. The 1st defendant was a customer of the Bank and entered into an agreement (it is not necessary for me in the course of this judgment to deal with it in any detail) of what is called 'General terms and Conditions' - a standard form of b