ALBEILA INTERNATIONAL LIMITED (App) Vs THE PEOPLES BANK OF ZANZIBAR LIMITED(Res)The appellant is a limited liability company carrying on business in Zanzibar. The respondent is a banker also carrying on business in Zanzibar. On an indeterminate date the appellant and the respondent entered into an agreement whereby the respondent issued the appellant with three letters of credit to import goods from abroad. The value of the letters of credit was USD 2,432,264.88.