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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