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Singapore court dismisses £14m letter of credit fraud claim

Summary by Trade Finance Global
The Singapore Court of Appeals ruled that a Chinese oil trader did not need to reimburse its client’s lender, a Swiss bank, who claimed the oil trader had made fraudulent representations in documents related to a letter of credit.
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Trade Finance GlobalTrade Finance Global

Singapore court dismisses £14m letter of credit fraud claim

The Singapore Court of Appeals ruled that a Chinese oil trader did not need to reimburse its client’s lender, a Swiss bank, who claimed the oil trader had made fraudulent representations in documents related to a letter of credit.

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Trade Finance Global broke the news in on Friday, August 1, 2025.
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