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BANCO DO BRASIL v. CITY NAT. BANK

No. 89-2822.

609 So.2d 689 (1992)

BANCO DO BRASIL, S.A., Appellant, v. CITY NATIONAL BANK OF MIAMI, Appellee.

District Court of Appeal of Florida, Third District.

December 1, 1992.

Attorney(s) appearing for the Case

White & Case and Stephen M. Corse, Miami, for appellant.

Lapidus & Frankel and Richard L. Lapidus, Miami, for appellee.

Before BARKDULL, BASKIN and COPE, JJ.

REVISED OPINION

COPE, Judge.

Banco do Brasil appeals a final judgment in favor of City National Bank in Banco do Brasil's suit for payment under a letter of credit. We reverse.

I.

Sea-Land Seafood, Inc., a Miami seafood importer, arranged for appellee City National Bank of Miami to issue an irrevocable letter of credit in favor of its joint venture partner, Sul Atlantico de Pesco, S.A., a Brazilian...

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