Bank of Cochin, Ltd. v. Manufacturers Hanover Trust Company and St. Lucia Enterprises, Ltd.

MINER, Circuit Judge:

Bank of Cochin, Ltd. (“Cochin”), the issuer of an international letter of credit, appeals from a summary judgment of the United States District Court for the Southern District of New York (Cannella, J.) entered in favor of Manufacturers Hanover Trust Company (“MHT”), the confirming bank. The district court held that although MHT wrongfully had paid under the terms of the letter of credit, Cochin was precluded from claiming wrongful honor because it failed to comply with the timely notice provisions of Article 8 of “Uniform Customs and Practice for Documentary Credits…