ABC Co. signed a contract to export 200 M/T of beans. The letter of credit stipulated, "Partial shipment not allowed". When the shipment was being made, the exporter loaded 100 M/T each on board the same vessel for the same voyage at the port of Shanghai and the port of Dalian. The shipment document was clearly marked with the ports of shipment and the dates of shipment. Did the exporter violate the terms of the L/C?
ABC Co. signed a contract to export 200 M/T of beans. The letter of credit stipulated, "Partial shipment not allowed". When the shipment was being made, the exporter loaded 100 M/T each on board the same vessel for the same voyage at the port of Shanghai and the port of Dalian. The shipment document was clearly marked with the ports of shipment and the dates of shipment. Did the exporter violate the terms of the L/C?
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Transcribed Image Text:ABC Co. signed a contract to export 200 M/T of beans. The letter of credit stipulated, "Partial
shipment not allowed". When the shipment was being made, the exporter loaded 100 M/T
each on board the same vessel for the same voyage at the port of Shanghai and the port of
Dalian. The shipment document was clearly marked with the ports of shipment and the dates
of shipment. Did the exporter violate the terms of the L/C?
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