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BANQUE DE L'INDOCHINE ET DE SUEZ S.A. v. J. H. RAYNER (MINCING LANE) LTD.

Lloyd's Law Reports

BANQUE DE L'INDOCHINE ET DE SUEZ S.A. v. J. H. RAYNER (MINCING LANE) LTD.

[1983] 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.

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