FORTIS BANK SA/NV AND ANOTHER v INDIAN OVERSEAS BANK

[2011] 2 Lloyd's Rep. 33

COURT OF APPEAL

Before Lady Justice Arden, Lord Justice Thomas and Lord Justice Etherton

Banking — Letters of credit — Issuing bank refusing to pay under letters of credit — Whether documents complied with contract — Whether bill of lading date was date of shipment — 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).