Letter of Credit Obligation Breached Verletzung der Akkreditivverpflichtung Violation de l'obligation de lettre de crédit 信用状の義務違反 Obrigação de carta de crédito violada 信用证义务违约 A Letter of Credit Obligation Breached refers to a situation where a party fails to fulfill their obligation to pay under a letter of credit, which is a document issued by a bank guaranteeing payment to a seller of goods or services.