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?

icon
Related questions
Question
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?
Transcribed Image Text: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?
Expert Solution
steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Revenue Recognition
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, business-law and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS