31 C.F.R. § 515.406 Drafts under irrevocable letters of credit; documentary drafts.
Title 31 - Money and Finance: Treasury
Section 515.201 prohibits the presentation, acceptance or payment of: (a) Drafts or other orders for payment drawn under irrevocable letters of credit issued in favor or on behalf of any designated national; (b) Drafts or other orders for payment, in which any designated national has on or since the “effective date” had any interest, drawn under any irrevocable letter of credit; and (c) Documentary drafts in which any designated national has on or since the “effective date” had any interest.
Title 31: Money and Finance: Treasury
PART 515—CUBAN ASSETS CONTROL REGULATIONS
Subpart D—Interpretations
§ 515.406 Drafts under irrevocable letters of credit; documentary drafts.
