ICC Digital Library Forum

One of our customer is requesting to issue a L/C with a condition of waiver of subrogation rights, including those under UCC 5 -117.

Any idea, what does it mean. Can we issue ?

Shahed

Uniform Commercial Code of the US. Art. 5 deals with letters of credit. Par. 117 with:"Subrogation of issuer, Applicant and Nominated Person". Have a nice reading.
Regards Daniel