[1993] 1 Lloyd’s Rep. 89

Alistair Schaff acted in this letter of credit case

Banking – Letter of credit – Sale of goods of Russian origin to Chinese buyers – Difficulties in trade between Russia and China – Letter of credit issued by Swiss bank – Documents falsely describing origin of goods issued to knowledge of Swiss bank – Documents presented did not conform with requirements of letter of credit – Whether Swiss bank legally obliged to make payment against documents.