VALENCY INTERNATIONAL PTE LTD v JSW INTERNATIONAL TRADECORP PTE LTD AND OTHERS AND ANOTHER APPEAL

[2026] Lloyd's Rep. Plus 58

COURT OF APPEAL OF THE REPUBLIC OF SINGAPORE

Before Justice of the Court of Appeal Steven Chong , Justice of the Court of Appeal Belinda Ang Saw Ean , and Justice of the Court of Appeal Ang Cheng Hock

Bills of lading – Tort – Conversion – Delivery orders instructing release of bill of lading cargo – Whether an act of conversion – Financier pledging bills of lading to issuing bank as security for loan – Bank returning bills of lading to financier under trust receipt arrangement – Whether pledge extinguished by redelivery of bills to the financier.