porno Chinese Law | China: What is the strict compliance principle applicable to letters of credit?
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 China Lehmanlaw - Chinese Law Firm

What is the strict compliance principle applicable to letters of credit?

(a): The strict compliance principle requires that documents submitted to the bank for payment must strictly conform to the terms of the credit. The bank is not required to look to any sources besides the documents, and not held to have any specialized knowledge in the field; parties should be very careful to ensure terms in the documents are identical to those in the letter.

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