SIGNIFICANT
LETTER OF CREDIT DECISIONS IN
SINGAPORE
TOH
KIAN SING
Singapore
is probably the most
important centre of trade finance in
Asia
. The linked notes cover a number of significant decisions on trade
finance handed down by the
Singapore
courts in recent years.
These cases touch on issues that are encountered frequently
in trade finance practice:-
The importance of proper endorsement
of bills of lading;
Credit tolerance and price
fluctuation clauses in oil letters of credit;
Giving notice of rejection
when documents are re-presented under a letter of credit;
Handling of forged
documents by negotiating / confirming banks;
Foreign
injunctions and proceedings
Click
here to read the
notes.
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&
Tann
,
Singapore
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