30. An FOB sales contract agrees that the exporter can deposit the goods in a
warehouse if the ship arrives late and that this counts as delivery. If the letter of
credit requires a bill of lading and makes no mention of a warehouse receipt,
A. the exporter will still be paid against a warehouse receipt
B. the bank simply cannot pay against a warehouse receipt
C. the buyer refuses to pay the exporter against a warehouse receipt
D. the buyer still has to pay the exporter against the warehouse receipt because his
designated vessel has arrived late at the point of loading
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