14 Dec 2009
CHINA NEW ERA INTERNATIONAL LTD v. BANK OF CHINA (HONG KONG) LTD AND ANOTHER
- Citation
- CHINA NEW ERA INTERNATIONAL LTD v. BANK OF CHINA (HONG KONG) LTD AND ANOTHER
- Court
- Court of First Instance
- Case number
- HCA1290/2008
FCB's presentation was invalid because FCB had paid the beneficiary against a non‑complying presentation (the 1st Cargo Receipt) and therefore did not forward to the issuing bank the same documents it had purchased upon a beneficiary's complying presentation as required by UCP 600 Art.7(c); alternatively, even if presentation timing were disregarded, the 3rd Cargo Receipt was non‑compliant because the chop did not match the specimen provided, so BOC had no obligation to reimburse FCB.