THE “YUE YOU 902” AND ANOTHER MATTER

[2019] Lloyd's Rep Plus 80

HIGH COURT OF SINGAPORE

Before Judicial Commissioner Pang Khang Chau

Carriage of goods by sea – Cargo delivered by carrier without production of bills of lading against letter of indemnity – Unpaid bank holding bills of lading as security – Bank claiming damages against carrier for misdelivery of cargo – Whether bank acquired rights of suit – Whether bank holder of bills in good faith – Whether bank consented to discharge of cargo without presentation of bills of lading – Whether bank entitled to summary judgment - Singapore Bills of Lading Act.