Singapore legislation
Section 4
Section 4
Provisions as to issue and cancellation of licences
Where provision is made by any order for the issue of any licence or permit by any officer or person, that officer or person shall, subject to any express provision to the contrary contained in the order, have a discretion —
as to the issue and terms of the licence or permit and as to the cancellation or suspension thereof at any time; and
as to the conditions to be attached to the issue of the licence or permit and the cancellation or variation from time to time of those conditions:Provided that any cancellation, suspension or variation of the conditions of any import licence or permit shall not be enforced until an existing irrevocable letter of credit issued in respect of it has expired, unless that officer or person has reason to believe that the irrevocable letter of credit was not established in good faith.[5