a You may recall that the same thing happened to the execution of our last contract. It was only after the market had turned for the better that you opened the covering L/C quite beyond the time limit. We should have refused then to effect shipment but we acceded to your request for fulfillment of your order. At the same time we pointed out that you should take effective measures to prevent a similar occurrence◼ You may recall that the same thing happened to the execution of our last contract. It was only after the market had turned for the better that you opened the covering L/C, quite beyond the time limit. We should have refused then to effect shipment, but we acceded to your request for fulfillment of your order. At the same time we pointed out that you should take effective measures to prevent a similar occurrence