LATIN AM. SHIPPING CO. v. PAN AM. TRADING CORP.

No. 78-21.

363 So.2d 578 (1978)

LATIN AMERICAN SHIPPING CO., INC., Appellant, v. PAN AMERICAN TRADING CORP., Appellee.

District Court of Appeal of Florida, Third District.

Rehearing Denied November 17, 1978.


Attorney(s) appearing for the Case

Richard F. Ralph, Miami, for appellant.

Quinton, Leib & Lummus and James D. Adams, Miami, for appellee.

Before HENDRY and KEHOE, JJ., and CHARLES CARROLL (Ret.), Associate Judge.


KEHOE, Judge.

Appellant, defendant below, brings this appeal from a final judgment dated September 28, 1977, entered by the trial court in favor of appellee, plaintiff below. We reverse.

The relevant facts in this matter may be summarized as follows: Appellee had a contract to sell 56 tons of steel reinforcing rods to Diez & Diez (Purchaser) located in Panama. The purchaser opened a letter of credit as security for the purchase price through the Southeast...

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