Article 872: Responsibility of banks

1. The issuing bank and the confirming bank that has undertaken obligations under the letter of credit shall be jointly and severally liable to the recipient of the funds for non-performance or improper performance of the letter of credit a Subject to the submission of documents in accordance with the terms of the letter of credit and other terms of the letter of credit. 2. The implementing bank, which has accepted the letter of credit, is liable to the court for non-compliance. 3. The issuing bank, which has accepted a payment order from the payer to open and execute the letter of credit, shall be responsible to the issuing bank. The confirmer bank that has accepted the issuing bank ' s order to confirm and execute the letter of credit shall be responsible for: Failure or improper execution of the order before the issuing bank.