Singapore High Court: Delivery To A Person Not Entitled Does Not Cause The Bill Of Lading To Be Spent, Bill Is Not Spent Even If The Lending Bank Becomes The Holder Of The Bill After The Cargo Is Discharged

  In [T]he “Yue You 902” and another matter [2019] SGHC 106, the Singapore High Court addressed the issue of whether the bills of lading held by buyer’s lending bank becomes “Spent Bills” if the loan was granted after the discharge of cargo by the carrier thereby making Section 2(2) of the Bills of Lading…