BANQUE DE L'INDOCHINE ET DE SUEZ S.A. v. J. H. RAYNER (MINCING LANE) LTD.
 1 Lloyd's Rep. 228
COURT OF APPEAL
Before Sir John Donaldson, M.R., Lord Justice Kerr and Sir Sebag Shaw
Banking - Letter of credit - Payment effected under reserve - Bank alleged discrepancies in documents - Documents rejected - Whether bank entitled to repayment of amount paid under reserve - Extent of obligation of beneficiary under letter of credit who accepted payment under reserve.