Valency International Pte Ltd v JSW International Tradecorp Pte Ltd & 2 Ors

Tort — Conversion — Standing to sue; Tort — Conversion — Whether the giving of instructions to release delivery orders constitutes an act of conversion; Admiralty and Shipping — Bills of lading — Financier pledging bills of lading to issuing bank as security for loan — Bank returning bills of lading to financier under trust receipt arrangement — Whether pledge was extinguished by redelivery of the bills to the financier