This Article (36) is largely unchanged although
express reference is now made to terrorism. The stipulation that under UCP the
expiry date of a credit is not extended as a result of force majeure remains
unchanged, i.e. a credit will simply expire even though force majeure may
prevent the seller from utilising it.
But something sellers
may not always be aware of is that letters of credit may also be presented at
the issuing bank (as well as any nominated bank) - see Article 6a. This can be
important if the nominated bank is affected by force majeure.