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Payment obligation

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Mon, 07/14/2014 - 21:01
arrmoghaddam's picture
arrmoghaddam
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Is there any obligation for banks to pay any balance or remaining amount of total sum of L/C, when the L/c has been expired? 

‹ insurance policy with the assured as "to order of issuing bank" LC for 90% at sight and 10% usance ›
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