Lloyd's Law Reports

Professor Robert Merkin KC; Dr Johanna Hjalmarsson

Document

WESTPAC BANKING CORPORATION AND COMMONWEALTH STEEL CO. LTD. v. SOUTH CAROLINA NATIONAL BANK

[1986] 1 Lloyd's Rep. 311

THE JUDICIAL COMMITTEEOF THE PRIVY COUNCIL

Before Lord Keith of Kinkel, Lord Brandon of Oakbrook, Lord Ackner, Lord Oliver of Aylmerton and Lord Goff of Chieveley

Banking - Letter of credit - Bill of lading - Issuing bank alleged bill of lading did not comply with terms of letter of credit - Whether issuing bank entitled to refuse payment - Uniform Customs and Practice for Documentary Credits (1974) art. 20 (b).

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