NAVIGATING FORCE MAJEURE UNDER A LETTER OF CREDIT TRANSACTION IN INTERNATIONAL TRADE

Mr. Deven Verma, Vice President of SGS Engineers Ltd, went over his notes once again. He had asked his office to send him the relevant articles of UCP 600 (refer Exhibit-1) so that he would be prepared for his meeting with Mr. Bajaj, Branch Head of BNB Bank, Chennai. He was worried because the stakes were high, and his lack of technical knowledge on the rules governing Letter of Credit operations made him nervous.