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

[2026] 2 Lloyd's Rep 409

COURT OF APPEAL OF THE REPUBLIC OF SINGAPORE

Before Justice of the Court of Appeal Chong,Justice of the Court of Appeal Saw Ean,Justice of the Court of Appeal 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.