conform to the Cred it and to not yet accepted amendment(s), will be deemed to be notification of acceptance by the Beneficiary of such amendment(s) and as of that moment the Credit will be amended iv) Partial acceptance of amendments contained in one and the same advice of amendment is not allowed and consequently will not be given any effect Article 10. Types of Credit a. All Cred its must clearly indicate whether they are available by sight payment, by deferred payment, by acceptance or by egotiation b i) Unless the Cred it stipulates that it is available only with the Issuing Bank, all Credits must nominate the bank(the"Nominated Bank ")which is authorized to pay, to incur a deferred payment undertaking, to accept Draft(s)or to negotiate. In a freely negotiable Credit, any bank is a Nominated Bank Presentation of documents must be made to the Issuing Bank or the Confirming Bank, if any, or any other Nominated Bank. Negotiation means the giving of value for Draft(s)and/or document(s)by the bank authorized to negotiate Mere examination of the documents without giving of value does not constitute a negotiation c. Unless the nominated Bank is the Confirming bank. nomination by the Issuing Bank does not constitute any undertaking by the Nominated Bank to pay, to incur a deferred payment undertaking,to accept Draft(s), or to negotiate. Except where expressly agreed to by the nominated Bank and so communicated to the beneficiary the Nominated Bank's receipt of and/or examination and/or forwarding of the documents does not make that bank liable to pay, to incur a deferred payment undertaking, to accept Draft(s), or to negotiate d By nominating another bank, or by allowing for negotiation by any bank, or by authorizing or requesting another bank to add its confirmation, the Issuing Bank authorizes such bank to pay, accept Draft(s)or negotiate as the case may be, against documents which appear on their face to be in compliance with the terms and cond itions of the cred it and undertakes to reimburse such bank in accordance with the provisions of these Articles Article 11. Tel ai)When an Issuing Bank instructs an Advising bank by an authenticated teletransmission to advise a cred it or an amend ment to a Credit, the teletransmission will be deemed to be the operative Credit instrument or the operative amendment, and no mail confirmation should be sent. should a mail confirmation nevertheless be sent. it will have no effect and the advising bankconform to the Credit and to not yet accepted amendment(s), will be deemed to be notification of acceptance by the Beneficiary of such amendment(s) and as of that moment the Credit will be amended. iv) Partial acceptance of amendments contained in one and the same advice of amendment is not allowed and consequently will not be given any effect. Article 10. Types of Credit a. All Credits must clearly indicate whether they are available by sight payment, by deferred payment, by acceptance or by negotiation. b. i) Unless the Credit stipulates that it is available only with the Issuing Bank, all Credits must nominate the bank(the "Nominated Bank") which is authorized to pay, to incur a deferred payment undertaking, to accept Draft(s) or to negotiate. In a freely negotiable Credit, any bank is a Nominated Bank Presentation of documents must be made to the Issuing Bank or the Confirming Bank, if any, or any other Nominated Bank. Negotiation means the giving of value for Draft(s) and/or document(s) by the bank authorized to negotiate. Mere examination of the documents without giving of value does not constitute a negotiation. c. Unless the Nominated Bank is the Confirming Bank, nomination by the Issuing Bank does not constitute any undertaking by the Nominated Bank to pay, to incur a deferred payment undertaking, to accept Draft (s), or to negotiate. Except where expressly agreed to by the Nominated Bank and so communicated to the Beneficiary, the Nominated Bank's receipt of and/or examination and/or forwarding of the documents does not make that bank liable to pay, to incur a deferred payment undertaking, to accept Draft(s), or to negotiate. d. By nominating another bank, or by allowing for negotiation by any bank, or by authorizing or requesting another bank to add its confirmation, the Issuing Bank authorizes such bank to pay, accept Draft(s) or negotiate as the case may be, against documents which appear on their face to be in compliance with the terms and conditions of the Credit and undertakes to reimburse such bank in accordance with the provisions of these Articles. Article 11. Teletransmitted and Pre-Advised Credits a. i) When an Issuing Bank instructs an Advising Bank by an authenticated teletransmission to advise a Credit or an amendment to a Credit, the teletransmission will be deemed to be the operative Credit instrument or the operative amendment, and no mail confirmation should be sent. Should a mail confirmation nevertheless be sent, it will have no effect and the Advising Bank