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922 - Case laws - Miscellaneoous
Kostroma, Ltd. v. Standard Chartered Bank 655 N.Y.S.2d 31, 33 U.C.C. Rep. Serv. 2d (Callaghan) 561 (App. Div. 1997) Compliance: Marks on Packing Lists. |
| The Appellate Division of the Supreme Court of New York in an unsigned opinion affirmed dismissal of an action for wrongful dishonor by the beneficiary against the issuer. The LC required packing lists "evidencing that the exterior of each carton shipped against this letter of credit shows in clear print the final destination". The beneficiary contended that the trial court had erroneously limited its attention to the diamond shaped information marks. The appellate court indicated that the information was not contained in the information grids, as admitted by the beneficiary, and that the dishonor was, therefore, proper. |