Right of Issuing Bank to be Subrogated to the Applicant of Letter of Credit Under the Insurance Contracts
This article discusses the case where the efforts of the issuing bank prove futile to recovering the payment - paid to the beneficiary - from the applicant of the letter of credit. In particular, when the sold goods - the subject matter of the letter of credit - received damaged or lost. This scenar...
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2022
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| Online Access: | https://bspace.buid.ac.ae/handle/1234/3648 |
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