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.
Links to other articles of chapter 46. Calculations: