A seller is the beneficiary under a $60-$day sight letter of credit. The seller timely ships merchandise on October $27$ which is the on$-$board bill of lading date. The seller then submits all required documents to the advising bank on October $28.$ The documents reach the opening bank on November $1.$ There are no discrepancies. The seller can reasonably expect to receive payment under the l$/$c on:

Question $38$ options:

October $28$

January $1$

October $27$

November $1$