What is the validity period of the letter of credit?

A: If you are the applicant，And the latest shipment date stipulated in the letter of credit is June 15th，那么，The validity of a letter of credit is generally one or two days after the date of presentation，For example, you stipulate that the delivery time is 15 days after the bill of lading，那么，The validity of the letter of credit may be stipulated as 1 July or 2 or 3 July, because，If the beneficiary shipped on June 15，Then according to the 15 days delivery time stipulated in the L/C，The beneficiary must present the documents by 30 June at the latest，那么，The letter of credit is valid until 1st, 2nd and 3rd July，That is, the expiry date of the letter of credit is the date beyond which the beneficiary cannot present the document，Since June 30 is already the deadline for submission of documents，，Any subsequent presentation of documents on 1, 2 or 3 July does not comply with the provisions of the L/C;If you don't specify the time of delivery，The validity of the letter of credit can be extended to 7 July or 8, 9, 10 July，That is, if there is no specified time for presentation，The beneficiary must present the documents not later than 21 days after the date of the bill of lading，That is, the beneficiary should deliver the documents by July 6th at the latest。Because there is no point in giving a longer period of time for the presentation of a letter of credit。