UCP600 Article 7

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.

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.

Back to the Basics: Honour, Negotiation, and Reimbursement of Letters of Credit

Honour, negotiation, and reimbursement – individually and collectively – are perhaps some of the least understood (or most misunderstood) terms in letter