Unconf, LC at Sight B/L
Where payment by L/C: within 7 days of signing of this Contract, Buyer shall open, with a bank approved by Seller, an irrevocable Letter of Credit ("L/C") at sight acceptable by and in favor of Seller, with 21 days for the presentation of shipping documents. The contract price shall be paid to the bank account as the Seller designates after receipt of the shipping documents. Buyer undertakes to accept and to instruct the issuing bank to accept any discrepancy between the L/C and the shipping documents upon notice by the issuing bank if Buyer or its designated person receives the cargo before the snipping document reaches the issuing bank. At any time if Seller