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AUTO SERVICIO v. COMPANIA ANONIMA VENEZOLANA

No. 84-3460.

765 F.2d 1306 (1985)

AUTO SERVICIO SAN IGNACIO, S.R.L., et al., Plaintiffs-Appellants, v. COMPANIA ANONIMA VENEZOLANA De NAVEGACION (Venezuelan Line), et al., Defendants, The AETNA CASUALTY & SURETY CO., Defendant-Third Party Plaintiff, v. HIBERNIA NATIONAL BANK, Third Party Defendant-Appellee.

United States Court of Appeals, Fifth Circuit.

July 22, 1985.

Attorney(s) appearing for the Case

Wegmann & Wegmann, Cynthia Anne Wegmann, New Orleans, La., for plaintiffs-appellants.

McClinchey, Stafford, Mintz & Cellini, Paul M. Batiza, New Orleans, La., for third party defendant-appellee.

Before GEE, TATE, and HIGGINBOTHAM, Circuit Judges.

PATRICK E. HIGGINBOTHAM, Circuit Judge:

This case concerns an international letter of credit issued by the Banco de Maracaibo of Venezuela on behalf of plaintiff Auto Servicio San Ignacio, S.R.L., a Venezuelan corporation. We must decide whether an advising, confirming, and paying bank on such a letter of credit owes any duty of care under Louisiana tort law to the customer of the bank that issued the credit; whether one to two years is a reasonable length of time...

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