1. The documents regarding the opening of the documentary credit or its confirmation or notice thereof shall describe precisely the documents against which the operations of payment, acceptance or discount are executed. 2. A bank which opens a letter of credit shall execute the conditions of payment, acceptance and discount as agreed in the documentary credit contract if the documents representing the goods conform to the particulars and conditions provided for in the documentary credit contract.
Interpretation and application must be checked against the official text and current version.