16 Sept 1997
EQUITABLE BANKING CORPORATION v. STATE BANK OF INDIA
- Citation
- EQUITABLE BANKING CORPORATION v. STATE BANK OF INDIA
- Court
- Court of First Instance
- Case number
- HCA549/1997
The court held that the documents did not strictly comply with the letter of credit because there was a prima facie inconsistency between the bill of lading (showing loading in Bangkok on 18 November 1996) and the inspection certificate (indicating a shipment/departure from Hong Kong on or about 18 November 1996); on that basis the defendant bank was entitled to reject payment and the plaintiff's Order 14A application was dismissed; the third party indemnity issue was not determined.