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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), pp. 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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More information

Published date: 30 March 2011

Identifiers

Local EPrints ID: 179577
URI: http://eprints.soton.ac.uk/id/eprint/179577
ISSN: 1471-9614
PURE UUID: 50d098ed-5323-467a-a1c1-f428c73b4098

Catalogue record

Date deposited: 07 Apr 2011 14:03
Last modified: 18 Jul 2017 12:02

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Contributors

Author: Andrea Lista

University divisions

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