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Mannesman Handel A.G. –v- Kaunlaran Shipping Corporation And Others (Third Parties)

30th Jul 1992

[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.

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