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Answer in detail (give more explanation) to cover all marks required for the question. (b) In relation to letters of credit, explain what is meant

Answer in detail (give more explanation) to cover all marks required for the question.

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(b) In relation to letters of credit, explain what is meant by 'the autonomy of a letter of credit" and the doctrine of 'strict compliance'. Support your answer with relevant legal provisions. (20 marks)

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