In this type of LC, Any change (amendment) or cancellation of the LC (except it is expired) done by the Applicant through the issuing Bank must be authenticated by the Beneficiary of the LC.
Any change (amendment) must be authenticated by the Beneficiary of the LC. This was in this type of LC. Cancellation of the LC (except it is expired) done by the Applicant through the issuing Bank must be authenticated by the Beneficiary of the LC. This was in this type of LC.