Legal Opinion
DIXON IRMAOS & CIA. LTDA. v. Chase Nat. Bank
District Court, S.D. New York
Decided May 31, 1943Published
1Opinion of the Court
BURKE, District Judge.
Pursuant to instructions from its correspondent, Banque de Bruxelles, Brussels, Belgium, The Chase National Bank on April 8, 1940, issued two irrevocable letters of credit to Dixon Irmaos, a Brazilian cotton exporting firm. Under the credits the Chase Bank agreed to honor drafts drawn by Dixon Irmaos at 90 days sight for sums not exceeding the amounts of the credits, if presented at The Chase Bank in New York on or before May 15, 1940. The credits provided that full sets of bills of lading and documents evidencing shipment c. i. f., Ghent/Antwerp, should accompany the…
2Cases cited10 opinions
- Thomas v. . ScuttNew York Court of Appeals · 1891
- Thames & Mersey Marine Insurance v. United StatesSupreme Court of the United States · 1915
- Seaver v. . Lindsay Light Co.New York Court of Appeals · 1922
- Nicoll v. Pittsvein Coal Co.Court of Appeals for the Second Circuit · 1920
- A. Klipstein & Co. v. DilsizianCourt of Appeals for the Second Circuit · 1921
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