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Glossar Trade & Export Finance
Glossar Trade & Export Finance

Glossar (V)
Glossar (V)

Validity/expiry (of a Documentary Credit)

The expiry date represents the last day on which the beneficiary may present documents under the documentary credit to the nominated bank. All documentary credits must stipulate both the place and date of expiry. See also under «Latest date for presentation». See UCP Art. 6.

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