Payment by irrevocable documentary credit
The Buyer must arrange for an irrevocable documentary credit in favour
of the Seller to be issued by a reputable bank, subject to the Uniform
Customs and Practice for Documentary Credits published by the
International Chamber of Commerce (ICC). The issue must be notified at
least 14 days before the agreed date for delivery, or before the beginning
of the agreed delivery period specified at Article 2 of this contract, as
appropriate, unless the Parties agree otherwise as specified hereafter: