Search found 2 matches
- Tue Feb 06, 2001 12:00 am
- Forum: General
- Topic: Non-performance of an unconditional L/C
- Replies: 3
- Views: 2705
Non-performance of an unconditional L/C
In this case, the Buyer will issue an unconditional L/C payable after one day and one year. The Seller, will issue a L/G and his bank will also provide a Bank Warrenty. My question is, if the Seller fails to perform the contract will the buyer be able to cancel the Unconditional L/C? What are the IC...
- Tue Feb 06, 2001 12:00 am
- Forum: UCP 500
- Topic: Non-performance of an unconditional L/C
- Replies: 2
- Views: 1863
Non-performance of an unconditional L/C
In this case, the Buyer will issue an unconditional L/C payable after one day and one year. The Seller, will issue a L/G and his bank will also provide a Bank Warrenty. My question is, if the Seller fails to perform the contract will the buyer be able to cancel the Unconditional L/C? What are the IC...