Kuvera Resources Pte Ltd v Jpmorgan Chase Bank, N.a.

Banking - Letters of credit - Confirming bank - Sanctions clause - Whether sanctions clause incorporated in a confirmed letter of credit; Banking - Letters of credit - Confirming bank - Sanctions clause - Whether sanctions clause valid and enforeable - Whether sanctions clause unworkable; Banking - Letters of credit - Confirming bank - Sanctions clause - Whether sanctions clause valid and enforeable - Whether sanctions clause is non-documentary condition; Banking - Letters of credit - Confirming bank - Sanctions clause - Whether sanctions clause valid and enforeable - Whether sanctions clause fundamentally inconsistent with the commercial purpose of a confirmation - Examination of terms of letter of credit according to applicable the Uniform Customs and Practice for Documentary Credits, 2007 Revision