BANKERS TRUST CO. v. STATE BANK OF INDIA

[1991] 2 Lloyd's Rep. 443

COURT OF APPEAL

Before Lord Justice Lloyd, Lord Justice Farquharson and Sir John Megaw

Banking - Letter of credit - Rejection of document for discrepancies - Whether time taken to examine documents exceeded reasonable time - Whether permissible for plaintiffs to consult and or release documents to the buyers - Whether plaintiffs failed to give notice of rejection - Whether plaintiffs’ telex should have stated documents being held at disposal of defendants - UCP art. 16.