Sell sugar-free candy, World Inc. wanted to sell sugar-free

Sell sugar-free candy

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Reference no: EM133672558

Question

World Inc. wanted to sell sugar-free candy made by Sweets (a U.S. company) to an Italian company, Ferraro. The goods were to be paid for by an irrevocable letter of credit issued in the name of World. The letter of credit stated that drafts must be accompanied by a bill of lading, packing list, FDA approvals, and certificates of insurance. Drafts were to be presented to C Bank before March 15, 2009. After shipping the candy to Ferraro, World presented the Bank with the required documentation on March 21, 2009. The Bank should.

Reference no: EM133672558

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