Marino Industries Corp., Cross-Appellee v. The Chase Manhattan Bank, N.A., Cross-Appellant

FRIEDMAN, Chief Judge, United States Court of Claims:

This is an appeal from a judgment of the United States District Court for the Eastern District of New York entered upon the opinion of United States Magistrate John L. Caden dismissing, after trial, a suit seeking recovery under two letters of credit that the defendant, Chase Manhattan Bank (“Chase”), issued to the plaintiff, Marino Industries Corp. (“Marino”). The magistrate held that Chase justifiably refused to pay under the letters because Marino had not complied with the requirements in the letters for obtaining payment. We affirm in…