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.
-- needs image of Marine Certificate of Insurance, p. 46 of May 2023 DCW
I am somewhat surprised that it seems that most banks are resisting issuing standby letters of credit that allow beneficiaries to present documents as scans attached to an email.
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