The first part of the article, which appeared in the March 2017 issue of The Banking Law Journal, introduced the topic. This final part of the article analyzes the remedies that may follow from a buyer’s breach of a contractual obligation to open a letter of credit pursuant to the CISG, discusses a buyer’s right to suspend performance of a contractual obligation to open a letter of credit and other interdependent obligations, as well as a buyer’s right to stop payment after opening of a letter of credit, and provides a reminder of the legal effect of the avoidance of the underlying contract over a letter of credit.