Ocbc fixed deposit rate singapore 201911/18/2023 Jiang Xin Shipping Co Ltd (the owner), the defendant ship owner in Yue You 902, had entered into a voyage charterparty with FGV Trading Sdn Bhd (FGV) for the charter of the ‘YUE YOU 902’ (the vessel) for carriage of a cargo of palm oil from Indonesia to India. The case is also of particular interest because it contains a detailed consideration of the interaction between trade finance law and shipping law when construing the wording of the Singapore Bills of Lading Act (BLA). The case concerns a commonly used trade receipt financing scenario and will be of interest and general application to all trade finance banks. Oon & Bazul, the decision of The Yue You 902 and another matter 3 SLR 573 ( Yue You 902), the Singapore High Court considered the rights of a trade finance bank seeking to enforce its security over cargoes pledged to it by its customer. Back to Maritime and Transport Law Committee publications
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