Robalen Inc v Generale De Banque SA - US District Court (SDNY)(Griesa DJ) - 3 September 1999

Letter of credit - Issuing bank rejecting documents on ground of discrepancies - Whether rejection valid - Whether bill of lading was an ‘on board’ bill of lading

The claimant, Robalen, was in the business of purchasing and selling yarns, fibres and plastic resins. On 19 March 1996 Robalen’s customer, Resilux NV, located in Belgium, opened an irrevocable letter of credit with Generale as the issuing bank for the benefit of Robalen to cover three shipments of goods from Charleston to Antwerp. The confirming bank was the Meridian Bank in Philadelphia.