Answered step by step
Verified Expert Solution
Question
1 Approved Answer
ABC Co. signed a contract to export 200 M/T of beans. The letter of credit stipulated, Partial shipment not allowed. When the shipment was being
ABC Co. signed a contract to export 200 M/T of beans. The letter of credit stipulated, Partial shipment not allowed. When the shipment was being made, the exporter loaded 100 M/T each on board the same vessel for the same voyage at the port of Shanghai and the port of Dalian. The shipment document was clearly marked with the ports of shipment and the dates of shipment. Did the exporter violate the terms of the L/C?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started