Booth & Co. v. Canadian Government Merchant Marine, Ltd.

SWAN, Circuit Judge.

The question presented by this appeal involves the interpretation of the provisions of a bill of lading with respect to the payment of freight on goods consigned to the libelant and carried from New Zealand to New York on the respondent’s vessel. The vital clause reads as follows:

“Freight for the said goods to be paid in cash-at the rate of Eighty-five shillings (85/ — ) per ton-payable in Port of ■Sinprstenfr Delivery, in British sterling or equivalent, rate of exchange to be calculated on current rate at date of steamer’s arrival at loading Port.”

The word “shipment” was…