Decoupling ld, credit note in letter of credit

Jayanta Bandyopadhyay (Querist) 05 September 2021 This query is : Open
One foreign supplier accepts liquidated damage clause in PO but not in LC. Does ucp, fema, banking regulation permit exclusion of such arrangement from lc and settlement outside lc
Please guide
Jayanta Bandyopadhysy
5.9.21

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