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The need for speed: Court of Appeal interprets UCP 600

The need for speed: Court of Appeal interprets UCP 600
The need for speed: Court of Appeal interprets UCP 600
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 [2011] EWCA Civ 58 re-emphasised the importance of a prompt return of documents to sender.
1471-9614
1-2
Lista, Andrea
f573cd28-b4d6-4a73-8dad-00341fb9e877
Lista, Andrea
f573cd28-b4d6-4a73-8dad-00341fb9e877

Lista, Andrea (2011) The need for speed: Court of Appeal interprets UCP 600. Shipping & Trade Law, 11 (3), 1-2.

Record type: Article

Abstract

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 [2011] EWCA Civ 58 re-emphasised the importance of a prompt return of documents to sender.

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Published date: 30 March 2011
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Identifiers

Local EPrints ID: 179577
URI: http://eprints.soton.ac.uk/id/eprint/179577
ISSN: 1471-9614
PURE UUID: 50d098ed-5323-467a-a1c1-f428c73b4098
ORCID for Andrea Lista: ORCID iD orcid.org/0000-0002-4234-0914

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Date deposited: 07 Apr 2011 14:03
Last modified: 08 Jun 2022 01:27

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Contributors

Author: Andrea Lista ORCID iD

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