Venizelos, S.A. v. Chase Manhattan Bank

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• “[A]s between the beneficiary of a letter of credit and the issuer ... if ambiguity exists, the words are taken as strongly against the issuer as a reasonable reading will justify.”
• contract between issuing bank and its customer is separate contract
• letter specified portion of credit to cover demurrage

Source: CourtListener parenthetical corpus (CC0).