1. An irrevocable documentary credit may be confirmed by a bank other than the one that opened it. Such confirming bank shall in turn assume an absolute and direct obligation towards the beneficiary and any bona fide holder of the instrument drawn in execution of the documentary credit contract. 2. A mere notice of the opening of an irrevocable documentary credit sent to the beneficiary through another bank, other than the one that opened the documentary credit, shall not be deemed to be a confirmation of the letter of credit by such other bank.
Interpretation and application must be checked against the official text and current version.