FORTIS BANK SA/NV AND ANOTHER v INDIAN OVERSEAS BANK
[2010] Lloyd's Rep Plus 88
QUEEN’S BENCH DIVISION (COMMERCIAL COURT)
Before Mr Justice Hamblen
Banking - Letters of credit - Issuing bank refusing to pay under letters of credit - Whether documents complied with contract - Whether issuing bank precluded from relying on discrepancies - Whether issuing bank failed to return documents with reasonable promptness - UCP 600, article 16(c) and (f).