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REPUBLIC NAT. BANK v. FIDELITY AND DEPOSIT CO.

Nos. 87-6034, 88-5185.

894 F.2d 1255 (1990)

REPUBLIC NATIONAL BANK OF MIAMI, a National Banking Association, Plaintiff-Appellee, v. FIDELITY AND DEPOSIT COMPANY OF MARYLAND, a Maryland Corporation, Defendant-Appellant.

United States Court of Appeals, Eleventh Circuit.

February 20, 1990.

Attorney(s) appearing for the Case

James S. Crowder, Jr., Kimbrell & Hamann, Miami, Fla., for defendant-appellant.

Stanley A. Beiley, David S. Garbett, Paul, Landy, Beiley & Harper, Miami, Fla., for plaintiff-appellee.

Before TJOFLAT, Chief Judge, JOHNSON, Circuit Judge, and BROWN, Senior Circuit Judge.

TJOFLAT, Chief Judge:

In this case, Republic National Bank of Miami (Republic) issued a letter of credit on behalf of the Colombian Coffee Corporation (Colombian) in favor of Luis A. Duque Pena e Hijos, Ltda. (Limitada)1 to facilitate the supposed purchase and sale of coffee. The transaction having gone awry, Republic sought to recover its loss by filing a timely claim against the coverage afforded...

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