QUESTION Dear Mr. Old Man, Occasionally LCs have clause like- 48: after 21days after BL date but within validity of LC Or another unique case 48: 21/ refer 47A 47A: After 21days of shipment but within validity of LC I believe it should rather have a clause stating, payment will be effected 21 days after BL, if the intention is …

Mr Old Man: 1/ Yes. A finance company can act as a remitting bank under a documentary collec...