Docdex Decision 238
Articles 23, 43, 21 and 15; sub-Articles 9(a) and 13(a)

Whether the issuing bank had a right to refuse documents for the following reasons: (1) overdrawn; (2) early shipment prior to L/C issue date; (3) receiver on LOI differs from L/C terms (applicant i/o Respondent); and (4) Fraud by dual issuance of LOI

Docdex Decision 239
Sub-Articles 9(d)(iii) and 9(a)

Whether two amendments issued to a standby letter of credit indicated that the credit was still in force