Case 3. Company A of Country J signed a timber sale contract with Company B of Country G. It is agreed in the contract that shipment will be made in August and payment will be made by L/C. However, the L/C issued by the issuing bank in accordance with the application submitted by Company B indicates that the latest shipment date is 31st July. Company A did not attract attention and still completed the shipment on August 20 according to the contract. When Company A demanded payment from the bank with the bill of lading marked on August 20, the issuing bank refused to pay. Question: Is it reasonable for the issuing bank to refuse payment ? Full explanations thank you. Within 4 hours.

Case 3. Company A of Country J signed a timber sale contract with Company B of Country G. It is agreed in the contract that shipment will be made in August and payment will be made by L/C. However, the L/C issued by the issuing bank in accordance with the application submitted by Company B indicates that the latest shipment date is 31st July. Company A did not attract attention and still completed the shipment on August 20 according to the contract. When Company A demanded payment from the bank with the bill of lading marked on August 20, the issuing bank refused to pay. Question: Is it reasonable for the issuing bank to refuse payment ? Full explanations thank you. Within 4 hours.