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Shipment Agreement Definition

designate and submit a ship for loading that may be loaded at the contractual rate until the end of the shipping period. This type of FOB contract also complicates the opening of the L/C if the contract provides for an L/C. Almost always, the L/C will provide for a shipping date and the L/C will not respond if the B/L is dated after this period. What date should the buyer insert in the L/C for the alternative type of FOB contract? “A vessel that only presents the October 2006 delivery at the buyer`s choice… ». . .