What is LATEST DATE FOR PRESENTATION?

Submittal deadline a beneficiary of a letter of credit (L/C) has for required documents to receive the payment. If the L/C has no specified, either the L/C validity date or the date of issue of the associated bill of lading or air waybill, plus 21 days, is typically a default latest date.

More On This Topic



Link to This Definition
Did you find this definition of LATEST DATE FOR PRESENTATION helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary