WINSON OIL TRADING PTE LTD v UNITED OVERSEAS BANK LTD (THE “MAERSK KATALIN”)

[2026] Lloyd's Rep. Plus 39

COURT OF APPEAL OF THE REPUBLIC OF SINGAPORE

Before Chief Justice Sundaresh Menon , Justice of the Court of Appeal Steven Chong and Justice Ang Cheng Hock

Contracts (bills of lading) – Misdelivery – Delivery of cargo without presentation of bills of lading – Bank as lawful holder of bill of lading – Letters of indemnity replacing bills of lading in payment terms of letters of credit – Whether bill of lading holder would have consented to delivery – Ratification – Waiver – Damages – Causation – Carriage of Goods by Sea Act 1992, sections 2 and 5.