| gen. |
sanctions clause (If this is the case, then the inclusion of a sanctions clause in a letter of credit may prompt a party to whom such a letter of credit is addressed to reject the instrument. Intertanko has also published a sanctions clause deeming any trade unlawful which could ... Consider inserting a sanctions clause in all leases and relevant transactional documents in order to mitigate against sanctions risks. When faced with an LC containing a sanctions clause, the beneficiary should carefully check the terms of the clause to ensure it remains a suitable mechanism for payment. Alexander Demidov) |
