US UCC Article 5’s Non-Variable Provisions
How UCC Article 5 governs letters of credit in the US, its non-variable provisions, and the legal nuances that affect issuers and beneficiaries.
BANGLADESH: Bangladesh Bank, the central bank, issued a circular regarding banks’ duty to report required data of back-to-back LCs to the online import monitoring system (OIMS).
According to The Daily Star, some banks have ignored instructions for submitting data on a regular basis.
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