Part Two: Special Obligational Relationships › Chapter Nine: Mandate Relationships › Division Two: Letter of Credit and Credit Mandate
If the person to whom the credit mandate was given grants an extension of time to the beneficiary of the credit mandate on his own initiative, or neglects to proceed against the beneficiary of the credit mandate despite having been instructed to do so, the person giving the credit mandate shall be released from liability.
Original Turkish text
MADDE 518 · III. Kredi emri verilenin önel vermesi
Kredi emri verilen, kredi emrinden yararlanana kendiliğinden önel verir veya kendisine talimat verildiği hâlde kredi emrinden yararlanana başvurmayı ihmal ederse, kredi emri veren sorumluluktan kurtulur.