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I/we further agree that neither you nor your correspondents shall be in any way responsible for any error, fault or mistake in the description, quality, quantity or delivery of any goods and your right to repayment and reimbursement shall not be prejudiced or affected by any such error fault or mistake or by any invalidity or irregularity or misdescription of or in any draft or document.

I/we agree also that you and your correspondents are obliged only to verify that the drafts and documents purport to comply with the terms and conditions of this credit and that you will not be liable for any loss, damage or delay, however caused which is not directly due to the negligence or default of your own officers or servants.

4. In response to these requests of the Plaintiffs, Defendant No. 3 issued the following Letter of Credit to Defendant No. 9, addressed by its acronym "Manhansin" , (Exhibit D6): 

 "MANHANSIN    LT

 SINGAPORE              20/8/79

PLEASE ADVISE PALMEX ENTERPRISES 217-A STAMFORD HOUSE 39 STAMFORD ROAD SINGAPORE-6 WE ESTABLISH YOUR favor OUR IRREVOCABLE CONFIRMED LETTER OF CREDIT ND/1909 WHICH IS OPERATIVE ON THE STRENGTH OF THIS THIS CABLE ADVISE ALSO OPENERS INTERADS EXPORT DIVISION 12TH FLOOR AKASHDEEP 26A BARAKHAMBA ROAD NEW DELHI AMOUNT USDLRS 305500 C & F COVERING SHIPMENT OF BRASS SCRAP HONEY GRADE AS PER INDENT NO PE/51/79 DT 20/7/79 AT A PRICE OF USDLRS 1200/- PER MT FROM ANY SINGAPORE PORT TO BOMBAY PORT LATEST 30/9/79 AVAILABLE FOR NEGOTIATION 15/10/79 BY THEIR DRAFT AT SIGHT STOP FOLLOWING DOCUMENTS REQUIRED SIGNED INVOICES IN QUADRUPLICATE IN THE NAME OF OPENERS CERTIFYING MERCHANDISE OF SINGAPORE ORIGIN FULL SET OF CLEAN ON BOARD BLADINGS DRAWN OR ENDORSED TO THE ORDER OF LAKSHMI COMMERCIAL BANK LIMITED SHOWING FREIGHT PREPAID AND MARKED NOTIFIED LAKSHMI COMMERCIAL BANK LIMITED NEW DELHI CERTIFICATE OF ORIGIN AND PACKING LIST IN QUADRUPLICATE REQUIRED CERTIFICATE OF WEIGHT AND QUALITY ISSUED BY INDEPENDENT SURVEYORS REQUIRED GOODS COVERED UNDER OPEN GENERAL license OF IMPORT TRADE CONTROL POLICY AM 1979/80 WHICH MUST APPEAR ON THE RELATIVE INVOICES STOP NEGOTIATING BANK TO CLAIM REIMBURSEMENT FROM HANOVER TRUST COMPANY NEW YOUR UNDER CABLE ADVICE TO US