Article 868. Revocable letter of credit.

1. A letter of credit is recognized as revocable, which can be changed or canceled by the issuing bank without prior notification of the recipient of funds. Recalling a letter of credit does not create any obligations of the issuing bank to the recipient of funds. 2. The executing bank is obliged to make a payment or other operations on a revocable letter of credit, if by the time of their execution they had not received notice of the change of conditions or cancellation of the letter of credit. 3. A letter of credit is revocable, unless otherwise expressly stated in its text.

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Links to other articles of chapter 46. Calculations:
Article 861. Cash and non-cash payments.
Article 862. Forms of non-cash payments.
Article 863. General provisions on the settlement of payment orders.
Article 864. Conditions for execution by a bank of a payment order.
Article 865. Execution of instructions.
Article 866. Responsibility for non-execution or improper execution of the order.
Article 867. General provisions on settlements under a letter of credit.
Article 869. Irrevocable letter of credit.
Article 870. Execution of a letter of credit.
Article 871. Refusal to accept documents.
Article 872. Responsibility of a bank for violation of the conditions of a letter of credit.
Article 873. Closing of a letter of credit.
Article 874. General provisions on settlements under collection.
Article 875. Execution of a collection order.
Article 876. Notification of operations performed.
Article 877. General provisions on payment by check.
Article 878. Check details.
Article 879. Payment of check.
Article 880. Transfer of rights by check.
Article 881. Payment Guarantee.
Article 882. Collection of check.
Article 883. Certificate of Refusal to Pay a Check.
Article 884. Notice of non-payment of the check.
Article 885. Consequences of non-payment of a check.