Lamborn v. National Bank of Commerce - 276 U.S. 469 (1928)
U.S. Supreme Court
Lamborn v. National Bank of Commerce, 276 U.S. 469 (1928)
Lamborn v. National Bank of Commerce of Norfolk
Argued January 12, 1928
Decided April 9, 1928
276 U.S. 469
On behalf of a client who had agreed to buy and pay for Java sugar upon delivery f.o.b. cars at Philadelphia, a bank issued a letter of credit to meet the sellers' drafts, which provided, among other conditions, that shipment be made by steamer or steamers from
Java to Philadelphia. Held that the condition was complied with where the consignment came from Java to Philadelphia by a steamer originally destined from Java "to Port aid, option New York," but which was diverted while on the high seas, so that she pursued the same route to Philadelphia as if she had been destined to that port from the beginning of the voyage. P. 276 U. S. 471.
15 F.2d 473 reversed.
Certiorari, 273 U.S. 688, to a judgment of the circuit court of appeals, affirming a judgment for the respondent bank in an action by the petitioners to recover damages for the bank's refusal to honor a sight draft drawn against a letter of credit. See also 2 F.2d 23.