Some banks choosen to control legal risks by using sanctions clauses
Guidance paper on the use of sanctions clauses in trade finance-related instruments
The issue of sanctions clauses in documentary credits and other instruments has been addressed in. ICC Guidance paper on the use of sanctions clauses in trade finance-related instruments.
Some banks have chosen to control these legal risks by use of sanctions clauses. Reference is made to ICC Document No4701238 Guidance Paper On The Use Of Sanctions Clauses In Trade. 1238 Guidance Paper on the Use of Sanctions Clauses in Trade Finance-Related Instruments Subject to ICC.
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