SBI PO Mains Model Papers 3

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Question : 138 of 155

Marks: +1, -0

What is the maximum period that the beneficiary is allowed for presentation of documents under a letter of credit to the nominated bank for negotiation purpose?

7 banking days
14 banking days
21 banking days or 21 days of date of bill of lading whichever is later
21 calendar days from date of shipment i.e. date of bill of lading
21 calendar days from date of the sailing of the ship to its destination

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