Article 873. Closing of a letter of credit.
1. Closing of a letter of credit in the executing bank: upon expiration of the letter of credit; at the request of the recipient of funds to refuse to use the letter of credit before its expiration, if the possibility of such refusal is provided for by the conditions of the letter of credit; at the request of the payer of the full or partial revocation of the letter of credit, if such a recall is possible under the terms of the letter of credit. The executing bank must notify the issuing bank of the closing of the letter of credit. 2. The unused amount of the covered letter of credit is subject to return to the issuing bank immediately at the same time as the letter of credit is closed. The issuing bank is obliged to credit the amounts returned to the payer's account from which funds are deposited.
Links to other articles of chapter 46. Calculations: