CHAPTER VI Credit Cards Section 1408 .- Documentary credit means an agreement whereby, on request and in accordance  client's instructions, the bank will either directly or through a correspondent bank to pay a beneficiary to a sum of money or pay, accept or negotiate bills of exchange drawn by the beneficiary upon presentation of documents stipulated in accordance with the terms and conditions. Section 1409 .- The letter of credit shall contain: 1. The name of the issuing bank and the correspondent, if any; 2. The name of the payee or payer of the letter; 3. The name of the beneficiary; 4. The maximum quantity to be delivered, or which can be rotated drafts by the bank or sending bank; 5. The time within which to make use of credit and 6. And requirements documents to be submitted or be accredited for the use of credit. Section 1410 .- The documentary credit can be revocable or irrevocable. The credit will be revocable unless ...