Defendant issued a letter of credit to plaintiff, which ultimately expired on December 31, 1987. By the letter's terms, draw could be made by the presentation of certain documentation to the defendant as negotiating bank, or to any corresponding bank, which included a bank in Pakistan named by the plaintiff. Proper documentation was to include a bill of lading, and the letter of credit required that presentment be made within thirty-one days of issuance of the bill of lading...
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