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As part of ISP 9 8 Rule 1 . 0 6 Nature of Standbys, a Standby Letter of Credit is considered irrevocable. That means that

As part of ISP $98$ Rule $1.06$ Nature of Standbys, a Standby Letter of Credit is considered irrevocable. That means that it cannot be amended or cancelled by the issuer except as provided in the standby or if permitted by the Issuing Bank. True or False?

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As part of ISP 9 8 Rule 1 . 0 6 Nature of Standbys, a Standby Letter of Credit is considered irrevocable. That means that

As part of ISP 98 Rule 1.06 Nature of Standbys, a Standby Letter of Credit is considered irrevocable. That means that it cannot be amended or cancelled by the issuer except as provided in the standby or if permitted by the Issuing Bank. True or False?

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As part of ISP $98$ Rule $1.06$ Nature of Standbys, a Standby Letter of Credit is considered irrevocable. That means that it cannot be amended or cancelled by the issuer except as provided in the standby or if permitted by the Issuing Bank. True or False?