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Basic principles applicable to letters of credit

Contracts involved in a commercial letter of credit

Duty of a bank in opening a letter of credit

Duty of an Issuing Bank and a Paying Bank

Position of the law on an irrevocable letter of credit

The basic tenor of the law relating to commercial letter of credit

The essence of a letter of credit

What a letter of credit connotes

When letters of credit will be deemed revocable

Whether a bank has anything to do with the execution or performance of the contract of sale between the buyer and the seller or the contract of freightment.

Whether all parties have a right to reject documents that do not comply with the terms and conditions of a commercial letter of credit

Whether the acceptance of documents under a letter of credit precludes the buyer from subsequently rejecting the goods

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