Article 870: A confirmed letter of credit

1. At the request of the issuing bank, an irrevocable letter of credit may be confirmed by another bank (confirming bank). The obligation of the confirming bank arises from the time the recipient of the funds or the recipient ' s bank is sent to the recipient or to the recipient ' s bank. 2. In the event of a change in the letter of credit, the confirmer bank becomes liable under the modified terms of the letter of credit if it has given In other cases, the confirmer bank is deemed to be liable under the old terms of the letter of credit. He shall, from the time of the notification to the recipient or to the recipient ' s bank, be so notified, unless otherwise provided by the notification.