Article 29. Responsibility for non-use of letter of credit

On contracting and legal basis of activity of business entities (670-I-son) · Date: 29.08.1998 · In force

In case of non-use of a letter of credit issued at the request of a supplier (contractor) during its validity period, the supplier (contractor) shall pay the buyer (customer) a penalty of 5 percent of the unused amount of the letter of credit.

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National Database of Legislation of the Republic of Uzbekistan (lex.uz). Original on lex.uz: lex.uz/docs/4403244

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Cite as: Article 29. Responsibility for non-use of letter of credit On contracting and legal basis of activity of business entities (670-I-son). neolex.uz/en/laws/law-10872/29 (lex.uz/docs/4403244)