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A clinker clause in a letter of credit (LC) refers to a specific provision that allows the issuing bank to refuse payment or acceptance of documents under certain conditions, even if the presented documents appear to comply with the terms of the LC. This clause is often included to protect the bank from potential fraud or misrepresentation. It creates a safeguard that can lead to disputes between the parties involved, as it may give the bank discretion to reject documents that might otherwise meet the LC's requirements.

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1mo ago

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