i-law

Lloyd's Law Reports

CO-OPERATIVE CENTRALE RAIFFEISEN-BOERENLEENBANK B.A. (“RABOBANK NEDERLAND”) v. THE SUMITOMO BANK LTD. (THE “ROYAN”, “ABUQIR”, “BRETAGNE” AND “AUVERGNE”)

[1988] 2 Lloyd's Rep. 250

COURT OF APPEAL

Before Lord Justice O’Connor, Lord Justice Lloyd and Lord Justice Nicholls

Banking - Letter of credit - Construction - Beneficiary bank presented documents to confirming bank - Documents did not comply with letter of credit - Confirming bank paid under reserve - Issuing bank later accepted documents - Whether beneficiary bank liable for financing charges arising out of late acceptance - Date on which final 10 per cent. to be paid.

The rest of this document is only available to i-law.com online subscribers.

If you are already a subscriber, click Log In button.

Copyright © 2024 Maritime Insights & Intelligence Limited. Maritime Insights & Intelligence Limited is registered in England and Wales with company number 13831625 and address 5th Floor, 10 St Bride Street, London, EC4A 4AD, United Kingdom. Lloyd's List Intelligence is a trading name of Maritime Insights & Intelligence Limited.

Lloyd's is the registered trademark of the Society Incorporated by the Lloyd's Act 1871 by the name of Lloyd's.