UCP600 Article 5

Banque De Commerce Et De Placements S.A. v. China Aviation Oil (Singapore) Corp. [2024]

Issuer sued beneficiary alleging sham transaction and breach of warranties; beneficiary and prior sellers lodged indemnification claims.

First Modular Gas Systems Ltd. v. Citibank Europe PLC [2024]

💡First Modular Gas Systems Ltd. v. Citibank Europe PLC [2024] [2024] IEHC 1 [Ireland] Type of Lawsuit: Applicant renewed request

First Modular Gas Systems Ltd. v. Citibank Europe PLC [2023]

UniCredit Bank A.G. v. Glencore Singapore Pte. Ltd. [2022]

Unreimbursed LC Issuer alleged sham transaction between Beneficiary and insolvent Applicant.

Heytex Bramsche GMBH v. Unity Trade Capital Ltd. [2022]

Vessel Owner appealed summary judgment granted to unreimbursed Issuer that alleged misdelivery. -- footnote 4 link to other case?

Kuvera Resources Pte Ltd. v. JPMorgan Chase Bank, N.A. [2022]

Malayan Banking Berhad v. Punjab National Bank [2022]

Negotiating Bank sued LC Issuer for breach of reimbursement undertaking.

Banks as Buyers of Goods

Identifying and Overcoming the Risks of Applying UCP to Murabaha LCs