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Partial Acceptance of Amendments

Partial Acceptance of Amendments

According to the letter of credit rules, the beneficiary should communicate its acceptance of the amendment to the bank that advised such amendment. The beneficiary...
Effectiveness Date of an Amendment

Effectiveness Date of an Amendment

Letter of credit is an irrevocable and conditional payment obligation of the issuing bank. As the letter of credit is irrevocable, its terms and conditions...
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