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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.

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