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Banco Santander SA v Bayfern Ltd [1999] Int.Com.L.R. 06/09
Whether the risk of fraud on the part of the beneficiary of a confirmed deferred payment letter of credit is to be borne by the issuing bank (and so possibly the applicant for the credit) or by the confirming bank where the confirming bank has discounted its own payment obligations to the beneficiary and paid over the discounted sum to it and the fraud is discovered only after it has done so but before the maturity date of the letter of credit. Commercial Court. 9th June 1999
by Mr Justice Langley: Crown Copyright

MSC Mediterranean Shipping Company SA v Owners Of Ship \"Tychi\" [1999] Int.Com.L.R. 03/31
Arrest of chartered vessel by owners for non-payment of slot charter hire. Whether charterer beneficial owner etc. s20 and 21 Supreme Court Act 1980. CA. 31st March 1999
by Otton LJ : Waller LJ; Clarke LJ. Crown Copyright

Petrotrade Inc v Texaco Ltd [1999] Int.Com.L.R. 12/21
Discharge certificate : finality : Application for summary judgement refused. Arguable defence that certificate specifying 60 flashpoint rather than 60 minimum flashpoint not a valid / compliant certificate. Commercial Court. 21st December 1999
by Mr Justice Langley: Crown Copyright

Standard Chartered Bank v Pakistan National Shipping Corp No2 [1999] Int.Com.L.R. 12/03
Fraudulently dated b/l : late presentation of documents outside DC Does the same rigorous standard as to the accuracy of statements made in the course of the letter of credit transaction apply to the bank, as it applies to the master and agents of the shipowner? If it does, and the bank is liable or potentially liable for deceitful conduct, what is the effect, if any, on the bank\'s right to recover damages from the shipowner?. CA. 3rd December 1999
by Evans LJ; Aldous LJ; Ward LD. Crown Copyright

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