How Long Can A Usance Letter Of Credit Be Opened For?

1.	How Long Can A Usance Letter Of Credit Be Opened For?
Answer» There are no explicit or implicit mentions in the UCP 600 or ISBP REGARDING the maximum time period in which a usance Letter of CREDIT can be issued. So the time period is often defined by the local laws of the ISSUING bank’s COUNTRY which control LC terms. There are no explicit or implicit mentions in the UCP 600 or ISBP regarding the maximum time period in which a usance Letter of Credit can be issued. So the time period is often defined by the local laws of the issuing bank’s country which control LC terms.

Answer»

There are no explicit or implicit mentions in the UCP 600 or ISBP REGARDING the maximum time period in which a usance Letter of CREDIT can be issued. So the time period is often defined by the local laws of the ISSUING bank’s COUNTRY which control LC terms.

There are no explicit or implicit mentions in the UCP 600 or ISBP regarding the maximum time period in which a usance Letter of Credit can be issued. So the time period is often defined by the local laws of the issuing bank’s country which control LC terms.

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