Revocable letter of credit
1. A revocable letter of credit is one that may be amended or revoked by the issuing bank without prior notice to the beneficiary. Revocation of a letter of credit does not create any obligations for the issuing bank towards the beneficiary.
2. The paying bank is obliged to make payment or perform other operations under a revocable letter of credit, if it has not received notification of amendment or revocation of the letter of credit at the time of performing such operations.
3. A letter of credit is revocable unless otherwise explicitly stated in its text.
Source: "Civil Code of the Russian Federation (Part Two)" dated 26.01.1996 No. 14-FZ (as amended on 30.11.2011) (with amendments and additions coming into force from 01.01.2012)
Морфология
Род
Понятие «отзывный аккредитив» мужского рода.
Склонение и число
| Падеж | Единственное число | Множественное число |
|---|---|---|
| Р | отзывного аккредитива | отзывных аккредитивов |
| Д | отзывному аккредитиву | отзывным аккредитивам |
| В | отзывный аккредитив | отзывные аккредитивы |
| Т | отзывным аккредитивом | отзывными аккредитивами |
| П | отзывном аккредитиве | отзывных аккредитивах |