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Letter of credit
In LC documents presentation date is given 21days that stand for
1. Documents should be present in Indian bank within 21days or
2. Documents must reach in customer destination bank for payment release.
Please clarify.
Replies (2)
what documents we require for LC. plz clarify
Documents should reach destination bank within 21 days from last date of shipment. If you go through the LC, last date of shipment + 21 days for presentation = Date of validity of LC
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