Read the full judgment text of HCCL 000022/1989 on BabelCite. This HCCL judgment was delivered on 11 February 1991.
1. This case raises some interesting and important issues on Letters of Credit and although important to the parties, this judgment may well have a wider effect. In essence, the issues are whether there was strict compliance with the terms of a letter of credit, and whether rejection was given expeditiously and whether a bank can subsequently rely upon discrepancies which were not specified in the original advice of discrepancies. This latter point raises an important point of construction under