L/C Issuing Date Not Mentioned In The Contract
Posted: Wed Oct 15, 2014 7:37 am
Dear Sirs
I'd like to ask about the case when L/C issuing date is not written in the Contract.
The payment should be made by l/c under the contract,
but it is silent about issuing date of L/C.
But, the contract says the latest date of shipment is April 13th of 2014.
Then, I wonder if it is reasonable to interpret the contract as even though LC issuing date is not provided,
the importer must open L/C before April 13 of 2014, which is the latest date of shipment.
Or is there any other standard for interpretation on the L/C issuing date when it's not written in the Contract?
Your answer will be much appreciated.
Thank you in advance.
I'd like to ask about the case when L/C issuing date is not written in the Contract.
The payment should be made by l/c under the contract,
but it is silent about issuing date of L/C.
But, the contract says the latest date of shipment is April 13th of 2014.
Then, I wonder if it is reasonable to interpret the contract as even though LC issuing date is not provided,
the importer must open L/C before April 13 of 2014, which is the latest date of shipment.
Or is there any other standard for interpretation on the L/C issuing date when it's not written in the Contract?
Your answer will be much appreciated.
Thank you in advance.