Article 871. Refusal to accept documents.
1. If the executing bank refuses to accept documents that, on external grounds, do not comply with the conditions of the letter of credit, it must immediately inform the recipient of the funds and the issuing bank with an indication of the reasons for the refusal. 2. If the issuing bank, having received the documents accepted by the executing bank, considers that they do not meet the conditions of the letter of credit on external grounds, he is entitled to refuse to accept them and to demand from the executing bank the amount paid to the recipient of funds in violation of the conditions of the letter of credit refuse to refund the amounts paid.
Links to other articles of chapter 46. Calculations: