The need for speed: Court of Appeal interprets UCP 600
Lista, Andrea (2011) The need for speed: Court of Appeal interprets UCP 600. Shipping and Trade Law, 11, (3), 1-2.
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Under art 16(c) of UCP 600, issuing or confirming banks must serve notice in case of non-compliance between the documents tendered by the seller and the letter of credit. The notice needs to specify any discrepancies and the documents should be returned to the seller, although art 16 is silent in relation to timing. Confirming the first instance judgment, the Court of Appeal in Fortis Bank SA/NV v Indian Overseas Bank  EWCA Civ 58 re-emphasised the importance of a prompt return of documents to sender.
|Subjects:||H Social Sciences > HF Commerce
J Political Science > JX International law
K Law > K Law (General)
|Divisions:||University Structure - Pre August 2011 > School of Law
|Date Deposited:||07 Apr 2011 14:03|
|Last Modified:||02 Mar 2012 11:55|
|RDF:||RDF+N-Triples, RDF+N3, RDF+XML, Browse.|
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