HF&W Commodities Bulletin: Letters of credit: a cautionary tale
Tue, 04/06/2013 - 06:51 /
Submitted by admin
on Tue, 04/06/2013 - 06:51
The recent decision in Standard Chartered Bank v Dorchester LNG (2) Limited (18 April 2013) acts as a warning to banks to ensure that firstly, they are identified as the endorsee on a bill of lading if they are to pay out under an associated letter...