Olympic Corp. v. Societe Generale
Court of Appeals for the Second Circuit
1Opinion of the Court
ANDERSON, Circuit Judge:
In November, 1969, the Olympic Corporation of Cambridge, Massachusetts, (Olympic) sold 20,000 pounds of the chemical resorcinol to Manufacture de Produits Chimiques Protex (Protex), a French corporation, for use in its plant in Chateau Renault, France. Olympic made the shipment from New York on January 16, 1970, aboard the Havskar owned by A/S Havkong and managed by the Meyer Line, both Norwegian corporations (Havkong).
Protex had arranged with Societe Generale (Societe), a French bank, to open an irrevocable letter of credit in Olympic’s favor through the First…
2Cases cited12 opinions
- Gulf Oil Corp. v. GilbertSupreme Court of the United States · 1947
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- Silver v. Great American InsuranceNew York Court of Appeals · 1972
- Dery v. WyerCourt of Appeals for the Second Circuit · 1959
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- Reyno v. Piper Aircraft Co.Court of Appeals for the Third Circuit · 1980
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