GIAN SINGH & CO. LTD. v. BANQUE DE L'INDOCHINE

[1974] 2 Lloyd's Rep. 1

JUDICIAL COMMITTEEOF THE PRIVY COUNCIL

Before Lord Wilberforce, Lord Diplock, Lord Cross of Chelsea, Lord Kilbrandon and Sir Harry Gibbs

Banking - Banker's commercial credit - Sale of fishing vessel - Credit to be opened by buyer in favour of seller - Payment to be made to seller by bank on production of certificate by buyer's agent that vessel was satisfactory - Payment made by bank - Allegation by buyer that certificate was forged - Whether proof of forgery established - Whether buyer liable to reimburse bank for sum paid - Uniform Customs and Practice for Documentary Credits (1962 revised), arts. 7, 9.