Bill of Lading case looks set for Supreme Court hearing
Defendants in the Tai Prize case — which centres on whether shipper statements on draft B/Ls amount to warranty of cargo condition — have asked to appeal the Court of Appeal decision and expect to hear next week, solicitors have confirmed
‘English law says a master can only sign a bill of lading that accurately reflects the condition of the cargo. But 90% of the time they are presented with a clean bill of lading and told, You’ve got to sign that or the letter of credit isn’t going to trigger,’ says Ince & Co senior partner