Lloyd's Maritime Law Newsletter
Yuchai Dongte Special Purpose Automobile Co Ltd v Suisse Credit Capital (2009) Ltd – QBD (Comm Ct) (Christopher Hancock QC sitting as a Deputy High Court Judge) [2018] EWHC 2580 (Comm) – 9 October 2018
Banking – Letter of credit – Identity of issuer of letter of credit – Extrinsic evidence – Whether issuing bank excluded liability to make payment – Whether claimant estopped by convention from asserting that defendant was issuing bank
Theclaimant was a manufacturing company based in China. The defendant was a
company which provided financial services in support of trade. It was a member of
the SWIFT network.