Read the full judgment text of HCCL 11/2009 on BabelCite. This HCCL judgment was delivered on 3 May 2010.
1. This action involves a short point on the application of UCP 600 Arts. 14, 15 and 16. The question is this: An issuing bank having accepted a presentation of documents under a letter of credit as complying, can the bank later change its mind and refuse payment on the basis that the documents presented do not comply with the letter of credit?
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