{"id":3015,"date":"2020-06-17T09:23:06","date_gmt":"2020-06-17T09:23:06","guid":{"rendered":"https:\/\/lexforti.com\/legal-news\/?p=3015"},"modified":"2021-01-17T06:11:12","modified_gmt":"2021-01-17T06:11:12","slug":"the-letters-of-credit-being-an-independent-transaction-would-not-be-concerned-with-any-dispute-between-buyer-and-seller","status":"publish","type":"post","link":"https:\/\/lexforti.com\/legal-news\/the-letters-of-credit-being-an-independent-transaction-would-not-be-concerned-with-any-dispute-between-buyer-and-seller\/","title":{"rendered":"the letters of credit being an independent transaction would not be concerned with any dispute between buyer and seller."},"content":{"rendered":"\n<p><strong>Abhinav Mishra| Kirit P. Mehta School of Law| 17th June 2020<\/strong><\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_47_1 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"ez-toc-toggle-icon-1\"><label for=\"item-6a22624f5eb05\" aria-label=\"Table of Content\"><span style=\"display: flex;align-items: center;width: 35px;height: 30px;justify-content: center;direction:ltr;\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/label><input  type=\"checkbox\" id=\"item-6a22624f5eb05\"><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/lexforti.com\/legal-news\/the-letters-of-credit-being-an-independent-transaction-would-not-be-concerned-with-any-dispute-between-buyer-and-seller\/#Case_Name_Standard_Retail_Pvt_Ltd_v_Ms_GS_Global_Corp_Ors\" title=\"Case Name: Standard Retail Pvt. Ltd. v. M\/s G.S Global Corp &amp; Ors.\">Case Name: Standard Retail Pvt. Ltd. v. M\/s G.S Global Corp &amp; Ors.<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/lexforti.com\/legal-news\/the-letters-of-credit-being-an-independent-transaction-would-not-be-concerned-with-any-dispute-between-buyer-and-seller\/#Introduction\" title=\"Introduction\">Introduction<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/lexforti.com\/legal-news\/the-letters-of-credit-being-an-independent-transaction-would-not-be-concerned-with-any-dispute-between-buyer-and-seller\/#Facts\" title=\"Facts\">Facts<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/lexforti.com\/legal-news\/the-letters-of-credit-being-an-independent-transaction-would-not-be-concerned-with-any-dispute-between-buyer-and-seller\/#Rules_and_Laws_Used\" title=\"Rules and Laws Used\">Rules and Laws Used<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/lexforti.com\/legal-news\/the-letters-of-credit-being-an-independent-transaction-would-not-be-concerned-with-any-dispute-between-buyer-and-seller\/#Holding\" title=\"Holding\">Holding<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/lexforti.com\/legal-news\/the-letters-of-credit-being-an-independent-transaction-would-not-be-concerned-with-any-dispute-between-buyer-and-seller\/#Brief_Analysis\" title=\"Brief Analysis\">Brief Analysis<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/lexforti.com\/legal-news\/the-letters-of-credit-being-an-independent-transaction-would-not-be-concerned-with-any-dispute-between-buyer-and-seller\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Case_Name_Standard_Retail_Pvt_Ltd_v_Ms_GS_Global_Corp_Ors\"><\/span><strong>Case Name: Standard Retail Pvt. Ltd. v. M\/s G.S Global Corp &amp; Ors.<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Introduction\"><\/span><strong>Introduction<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The above petition have been filed in Bombay High Court under section 9 of the Arbitration And Conciliation Act seeking direction restraining the respondent- Bank from negotiating the letters of credit. The Bench Comprises of Justice A.A Sayed.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Facts\"><\/span><strong>Facts<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul><li>The petitioner contends according to the section 56 of Indian contract Act,1972 and in view of the COVID-19 pandemic and the lockdown declared by the central govt. its contract with Respondent No.1 was terminated on account of frustration, and impracticability.<\/li><li>Under the contract Respondent No.1 which is based in South Korea was to supply certain steel products which were to be dispatched from South Korea to the petitioners in Mumbai.<\/li><li>The Contract were subject to General Terms of condition including an article on Force Majeure and Governing law &amp; Arbitration Jurisdiction.<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Rules_and_Laws_Used\"><\/span><strong>Rules and Laws Used<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Section 9 of the arbitration and conciliation Act.<\/p>\n\n\n\n<p>Section 56 of Indian contract Act,1972.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Holding\"><\/span><strong>Holding<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The court after hearing from all the learned counsel for both the petitioner and the respondents held that the petitioners are not entitled to any ad-interim reliefs .<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Brief_Analysis\"><\/span><strong>Brief Analysis<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The court rejected the petitioner request for any ad-interim reliefs arguing the following-<\/p>\n\n\n\n<ol type=\"1\"><li>The letters of credit are and independent transaction with the bank which is not concerned with disputes between buyer and seller.<\/li><li>The force Majeure clause in the contract is only applicable to the Respondent No.1 (Seller).<\/li><li>There are no restriction on the movement of goods and all ports and port related activities have been declared essential service. The Director General of Shipping, Mumbai states that there would be no container detention charges on import and export.<\/li><li>The lockdown would be for a limited period and the lockdown cannot come to the rescue of the Petitioners so as to resile from its contractual obligations with the Respondent No. 1 of making payments.<\/li><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The primary issue here being dealt is whether due to impossibility of the contract whether the court can restrain bank from negotiating the letters of credit and the court held that the letters of credit being an independent transaction is not concerned with any dispute between buyer and seller.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Abhinav Mishra| Kirit P. Mehta School of Law| 17th June 2020 Case Name: Standard Retail Pvt. Ltd. v. M\/s G.S Global Corp &amp; Ors. Introduction The above petition have been filed in Bombay High Court under section 9 of the Arbitration And Conciliation Act seeking direction restraining the respondent- Bank from negotiating the letters of [&hellip;]<\/p>\n","protected":false},"author":167,"featured_media":2731,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[214],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>the letters of credit being an independent transaction would not be concerned with any dispute between buyer and seller. - LexForti<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/lexforti.com\/legal-news\/the-letters-of-credit-being-an-independent-transaction-would-not-be-concerned-with-any-dispute-between-buyer-and-seller\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"the letters of credit being an independent transaction would not be concerned with any dispute between buyer and seller. - LexForti\" \/>\n<meta property=\"og:description\" content=\"Abhinav Mishra| Kirit P. Mehta School of Law| 17th June 2020 Case Name: Standard Retail Pvt. Ltd. v. M\/s G.S Global Corp &amp; Ors. Introduction The above petition have been filed in Bombay High Court under section 9 of the Arbitration And Conciliation Act seeking direction restraining the respondent- Bank from negotiating the letters of [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/lexforti.com\/legal-news\/the-letters-of-credit-being-an-independent-transaction-would-not-be-concerned-with-any-dispute-between-buyer-and-seller\/\" \/>\n<meta property=\"og:site_name\" content=\"LexForti\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Lexforti\/\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/Lexforti\" \/>\n<meta property=\"article:published_time\" content=\"2020-06-17T09:23:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-01-17T06:11:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/lexforti.com\/legal-news\/wp-content\/uploads\/2020\/06\/Changes-required-in-Arbitration-law-3.jpg?fit=460%2C258&ssl=1\" \/>\n\t<meta property=\"og:image:width\" content=\"460\" \/>\n\t<meta property=\"og:image:height\" content=\"258\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"LexForti Legal News Network\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/lex_forti\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"LexForti Legal News Network\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/lexforti.com\/legal-news\/the-letters-of-credit-being-an-independent-transaction-would-not-be-concerned-with-any-dispute-between-buyer-and-seller\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/lexforti.com\/legal-news\/the-letters-of-credit-being-an-independent-transaction-would-not-be-concerned-with-any-dispute-between-buyer-and-seller\/\"},\"author\":{\"name\":\"LexForti Legal News Network\",\"@id\":\"https:\/\/lexforti.com\/legal-news\/#\/schema\/person\/dc82860cbb04dab62a7b0a28b0cabc88\"},\"headline\":\"the letters of credit being an independent transaction would not be concerned with any dispute between buyer and seller.\",\"datePublished\":\"2020-06-17T09:23:06+00:00\",\"dateModified\":\"2021-01-17T06:11:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/lexforti.com\/legal-news\/the-letters-of-credit-being-an-independent-transaction-would-not-be-concerned-with-any-dispute-between-buyer-and-seller\/\"},\"wordCount\":393,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/lexforti.com\/legal-news\/#organization\"},\"articleSection\":[\"Case Notes\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/lexforti.com\/legal-news\/the-letters-of-credit-being-an-independent-transaction-would-not-be-concerned-with-any-dispute-between-buyer-and-seller\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/lexforti.com\/legal-news\/the-letters-of-credit-being-an-independent-transaction-would-not-be-concerned-with-any-dispute-between-buyer-and-seller\/\",\"url\":\"https:\/\/lexforti.com\/legal-news\/the-letters-of-credit-being-an-independent-transaction-would-not-be-concerned-with-any-dispute-between-buyer-and-seller\/\",\"name\":\"the letters of credit being an independent transaction would not be concerned with any dispute between buyer and seller. - LexForti\",\"isPartOf\":{\"@id\":\"https:\/\/lexforti.com\/legal-news\/#website\"},\"datePublished\":\"2020-06-17T09:23:06+00:00\",\"dateModified\":\"2021-01-17T06:11:12+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/lexforti.com\/legal-news\/the-letters-of-credit-being-an-independent-transaction-would-not-be-concerned-with-any-dispute-between-buyer-and-seller\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/lexforti.com\/legal-news\/the-letters-of-credit-being-an-independent-transaction-would-not-be-concerned-with-any-dispute-between-buyer-and-seller\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/lexforti.com\/legal-news\/the-letters-of-credit-being-an-independent-transaction-would-not-be-concerned-with-any-dispute-between-buyer-and-seller\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/lexforti.com\/legal-news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"the letters of credit being an independent transaction would not be concerned with any dispute between buyer and seller.\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/lexforti.com\/legal-news\/#website\",\"url\":\"https:\/\/lexforti.com\/legal-news\/\",\"name\":\"LexForti\",\"description\":\"Legal\",\"publisher\":{\"@id\":\"https:\/\/lexforti.com\/legal-news\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/lexforti.com\/legal-news\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/lexforti.com\/legal-news\/#organization\",\"name\":\"LexForti Legal News & Journal\",\"url\":\"https:\/\/lexforti.com\/legal-news\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/lexforti.com\/legal-news\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/i2.wp.com\/lexforti.com\/legal-news\/wp-content\/uploads\/2020\/08\/159134300345793876.png?fit=404%2C404&ssl=1\",\"contentUrl\":\"https:\/\/i2.wp.com\/lexforti.com\/legal-news\/wp-content\/uploads\/2020\/08\/159134300345793876.png?fit=404%2C404&ssl=1\",\"width\":404,\"height\":404,\"caption\":\"LexForti Legal News & Journal\"},\"image\":{\"@id\":\"https:\/\/lexforti.com\/legal-news\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/Lexforti\/\",\"https:\/\/www.instagram.com\/lexforti\/\",\"https:\/\/www.linkedin.com\/company\/lex-forti\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/lexforti.com\/legal-news\/#\/schema\/person\/dc82860cbb04dab62a7b0a28b0cabc88\",\"name\":\"LexForti Legal News Network\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/lexforti.com\/legal-news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/lexforti.com\/legal-news\/wp-content\/uploads\/2021\/01\/159134300345793876-96x96.png\",\"contentUrl\":\"https:\/\/lexforti.com\/legal-news\/wp-content\/uploads\/2021\/01\/159134300345793876-96x96.png\",\"caption\":\"LexForti Legal News Network\"},\"description\":\"LexForti Legal News and Journal offer access to a wide array of legal knowledge through the Daily Legal News segment of our Website. It provides the readers with the latest case laws in layman terms. Our Legal Journal contains a vast assortment of resources that helps in understanding contemporary legal issues.\",\"sameAs\":[\"https:\/\/lexforti.com\/legal-news\/\",\"https:\/\/www.facebook.com\/Lexforti\",\"https:\/\/www.instagram.com\/lexforti\/\",\"http:\/\/linkedin.com\/company\/lex-forti\",\"https:\/\/twitter.com\/https:\/\/twitter.com\/lex_forti\",\"https:\/\/www.youtube.com\/channel\/UCRT9bwtsiRtF-RYr4G2dv3w\"],\"url\":\"https:\/\/lexforti.com\/legal-news\/author\/lexforti-legal-news-network\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"the letters of credit being an independent transaction would not be concerned with any dispute between buyer and seller. - LexForti","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/lexforti.com\/legal-news\/the-letters-of-credit-being-an-independent-transaction-would-not-be-concerned-with-any-dispute-between-buyer-and-seller\/","og_locale":"en_US","og_type":"article","og_title":"the letters of credit being an independent transaction would not be concerned with any dispute between buyer and seller. - LexForti","og_description":"Abhinav Mishra| Kirit P. Mehta School of Law| 17th June 2020 Case Name: Standard Retail Pvt. Ltd. v. M\/s G.S Global Corp &amp; Ors. Introduction The above petition have been filed in Bombay High Court under section 9 of the Arbitration And Conciliation Act seeking direction restraining the respondent- Bank from negotiating the letters of [&hellip;]","og_url":"https:\/\/lexforti.com\/legal-news\/the-letters-of-credit-being-an-independent-transaction-would-not-be-concerned-with-any-dispute-between-buyer-and-seller\/","og_site_name":"LexForti","article_publisher":"https:\/\/www.facebook.com\/Lexforti\/","article_author":"https:\/\/www.facebook.com\/Lexforti","article_published_time":"2020-06-17T09:23:06+00:00","article_modified_time":"2021-01-17T06:11:12+00:00","og_image":[{"width":460,"height":258,"url":"https:\/\/i0.wp.com\/lexforti.com\/legal-news\/wp-content\/uploads\/2020\/06\/Changes-required-in-Arbitration-law-3.jpg?fit=460%2C258&ssl=1","type":"image\/jpeg"}],"author":"LexForti Legal News Network","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/lex_forti","twitter_misc":{"Written by":"LexForti Legal News Network","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/lexforti.com\/legal-news\/the-letters-of-credit-being-an-independent-transaction-would-not-be-concerned-with-any-dispute-between-buyer-and-seller\/#article","isPartOf":{"@id":"https:\/\/lexforti.com\/legal-news\/the-letters-of-credit-being-an-independent-transaction-would-not-be-concerned-with-any-dispute-between-buyer-and-seller\/"},"author":{"name":"LexForti Legal News Network","@id":"https:\/\/lexforti.com\/legal-news\/#\/schema\/person\/dc82860cbb04dab62a7b0a28b0cabc88"},"headline":"the letters of credit being an independent transaction would not be concerned with any dispute between buyer and seller.","datePublished":"2020-06-17T09:23:06+00:00","dateModified":"2021-01-17T06:11:12+00:00","mainEntityOfPage":{"@id":"https:\/\/lexforti.com\/legal-news\/the-letters-of-credit-being-an-independent-transaction-would-not-be-concerned-with-any-dispute-between-buyer-and-seller\/"},"wordCount":393,"commentCount":0,"publisher":{"@id":"https:\/\/lexforti.com\/legal-news\/#organization"},"articleSection":["Case Notes"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/lexforti.com\/legal-news\/the-letters-of-credit-being-an-independent-transaction-would-not-be-concerned-with-any-dispute-between-buyer-and-seller\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/lexforti.com\/legal-news\/the-letters-of-credit-being-an-independent-transaction-would-not-be-concerned-with-any-dispute-between-buyer-and-seller\/","url":"https:\/\/lexforti.com\/legal-news\/the-letters-of-credit-being-an-independent-transaction-would-not-be-concerned-with-any-dispute-between-buyer-and-seller\/","name":"the letters of credit being an independent transaction would not be concerned with any dispute between buyer and seller. - LexForti","isPartOf":{"@id":"https:\/\/lexforti.com\/legal-news\/#website"},"datePublished":"2020-06-17T09:23:06+00:00","dateModified":"2021-01-17T06:11:12+00:00","breadcrumb":{"@id":"https:\/\/lexforti.com\/legal-news\/the-letters-of-credit-being-an-independent-transaction-would-not-be-concerned-with-any-dispute-between-buyer-and-seller\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/lexforti.com\/legal-news\/the-letters-of-credit-being-an-independent-transaction-would-not-be-concerned-with-any-dispute-between-buyer-and-seller\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/lexforti.com\/legal-news\/the-letters-of-credit-being-an-independent-transaction-would-not-be-concerned-with-any-dispute-between-buyer-and-seller\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/lexforti.com\/legal-news\/"},{"@type":"ListItem","position":2,"name":"the letters of credit being an independent transaction would not be concerned with any dispute between buyer and seller."}]},{"@type":"WebSite","@id":"https:\/\/lexforti.com\/legal-news\/#website","url":"https:\/\/lexforti.com\/legal-news\/","name":"LexForti","description":"Legal","publisher":{"@id":"https:\/\/lexforti.com\/legal-news\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/lexforti.com\/legal-news\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/lexforti.com\/legal-news\/#organization","name":"LexForti Legal News & Journal","url":"https:\/\/lexforti.com\/legal-news\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/lexforti.com\/legal-news\/#\/schema\/logo\/image\/","url":"https:\/\/i2.wp.com\/lexforti.com\/legal-news\/wp-content\/uploads\/2020\/08\/159134300345793876.png?fit=404%2C404&ssl=1","contentUrl":"https:\/\/i2.wp.com\/lexforti.com\/legal-news\/wp-content\/uploads\/2020\/08\/159134300345793876.png?fit=404%2C404&ssl=1","width":404,"height":404,"caption":"LexForti Legal News & Journal"},"image":{"@id":"https:\/\/lexforti.com\/legal-news\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/Lexforti\/","https:\/\/www.instagram.com\/lexforti\/","https:\/\/www.linkedin.com\/company\/lex-forti\/"]},{"@type":"Person","@id":"https:\/\/lexforti.com\/legal-news\/#\/schema\/person\/dc82860cbb04dab62a7b0a28b0cabc88","name":"LexForti Legal News Network","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/lexforti.com\/legal-news\/#\/schema\/person\/image\/","url":"https:\/\/lexforti.com\/legal-news\/wp-content\/uploads\/2021\/01\/159134300345793876-96x96.png","contentUrl":"https:\/\/lexforti.com\/legal-news\/wp-content\/uploads\/2021\/01\/159134300345793876-96x96.png","caption":"LexForti Legal News Network"},"description":"LexForti Legal News and Journal offer access to a wide array of legal knowledge through the Daily Legal News segment of our Website. It provides the readers with the latest case laws in layman terms. Our Legal Journal contains a vast assortment of resources that helps in understanding contemporary legal issues.","sameAs":["https:\/\/lexforti.com\/legal-news\/","https:\/\/www.facebook.com\/Lexforti","https:\/\/www.instagram.com\/lexforti\/","http:\/\/linkedin.com\/company\/lex-forti","https:\/\/twitter.com\/https:\/\/twitter.com\/lex_forti","https:\/\/www.youtube.com\/channel\/UCRT9bwtsiRtF-RYr4G2dv3w"],"url":"https:\/\/lexforti.com\/legal-news\/author\/lexforti-legal-news-network\/"}]}},"views":100,"_links":{"self":[{"href":"https:\/\/lexforti.com\/legal-news\/wp-json\/wp\/v2\/posts\/3015"}],"collection":[{"href":"https:\/\/lexforti.com\/legal-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lexforti.com\/legal-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lexforti.com\/legal-news\/wp-json\/wp\/v2\/users\/167"}],"replies":[{"embeddable":true,"href":"https:\/\/lexforti.com\/legal-news\/wp-json\/wp\/v2\/comments?post=3015"}],"version-history":[{"count":1,"href":"https:\/\/lexforti.com\/legal-news\/wp-json\/wp\/v2\/posts\/3015\/revisions"}],"predecessor-version":[{"id":7632,"href":"https:\/\/lexforti.com\/legal-news\/wp-json\/wp\/v2\/posts\/3015\/revisions\/7632"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lexforti.com\/legal-news\/wp-json\/wp\/v2\/media\/2731"}],"wp:attachment":[{"href":"https:\/\/lexforti.com\/legal-news\/wp-json\/wp\/v2\/media?parent=3015"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lexforti.com\/legal-news\/wp-json\/wp\/v2\/categories?post=3015"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lexforti.com\/legal-news\/wp-json\/wp\/v2\/tags?post=3015"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}