right to rescind the contract meaning in English

解除契约的权利

If the policy holder conceals the actual circumstances of the insured property , the insurer shall have the right to rescind the contract or shall not be liable for making indemnity
投保方如隐瞒被保险财产的真实情况，保险方有权解除合同或不负赔偿责任。
In case of late arrival of the l / c , the seller shall not be liable for any delay in shipment and shall have the right to rescind the contract and / or claim for damages
假如到货期超过信用证期限，卖方不承担货物延期的任何责任而且有权撤消合同或提出赔偿(这个应该是买方的权利,反了