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BII Finance Co. v. U-States Forwarding Services Corp. [2002]

Case deals with bill of lading consigned to order without naming a person to whose order it was consigned and party which bears the risk of delivery without having taken up the bill of lading.

Nissho Iwai Europe PLC v. Korea First Bank [2002]

ICC Opinion R505 / TA537 (2002) – When a Non-Bank Issues a Letter of Credit

Because of widespread interest in this subject, the ICC Banking Commission decided to post this Official Opinion to its website. Although the title includes reference to UCP 500 Articles 1 and 2, this Opinion is applicable to UCP 600 and is evidence of international standard banking practice.

Solo Industries UK, Ltd v. Canara Bank [2001]

Part of the Solo Industries frauds, this is the appellate court review of the trial court. Beneficiary Solo Industries sued issuer Canara Bank for wrongful dishonor.

3Com Corporation v. Banco Do Brasil, S.A. [1998]

3Com Corporation v. Banco Do Brasil, S.A. No. 97 Civ. 3819 (SS), 2 F. Supp. 2d 452 (S.D.

Editorial Board Snapshot: Boris Kozolchyk

In any serious discussion of letters of credit law and practice anywhere in the world, one name regularly surfaces – that