Korea Shipping Corporation v United Overseas Trade Pte Ltd

Civil Procedure — Summary judgment; Commercial Transactions — Sale of goods — CIF contract — When buyer’s payment obligation arises; Commercial Transactions — Sale of goods — CIF contract — Seller’s duty to tender shipping documents; Commercial Transactions — Sale of goods — CIF contract — Construction of contract as being CIF contract; Commercial Transactions — Sale of goods — CIF contract — Seller’s duty to tender shipping documents — Policy of insurance