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.
In a recent discussion, US west coast bankers considered a Commercial Export LC indicating in SWIFT Field 44F: “Port of
Perceiving a need among the letter of credit community for guidance on interpretation of the phrase “without delay” regarding the
Pavel Andrle's exploration of the originality of paper and electronic documents - Part 1 of a three part series.
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