Company A received an irrevocable L/C issued by bank ABC advised and confirmed by bank DEF. This company shipped the goods according to the requirements of the L/C and was going to present the documents for negotiation but received a notice from the confirming bank stating that the issuing bank had gone bankrupt and it would not pay but it could claim payment from the buyer on behalf of company A. What advice will you give company A about his legal position in this matter?