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In relation to the contents of a contract explain the following:

(c) warranties; (3 marks)

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The ABC Bank
Irrevocable documentary credit
Number: LC123—258866
Date: August 24, 1999
Date and place of expiry: October 30, 1999 China
Advising bank: Bank of China
Beneficiary: China XYZ import and export corp.
Applicant: UVW corporation.
Amount: USD52, 500(Say U. S Dollars fifty two thousand five hundred only)
We hereby issue irrevocable documentary credit which is available with:
Any bank
By negotiation of beneficiary’s drafts at sight
For full invoice value
Drawn on the ABC bank
Partial shipments: Not allowed
Transshipment: Not allowed
Shipment from: Shanghai
To: Tokyo Japan
At the latest: October 15, 1999
Following documents required:
+Signed commercial invoice in three copies
+Full set of clean on board ocean bill of lading
+Weight certificate in two copies
Covering: 100 metric tons(5PCT MOL)of XY chemical in drums at USD 500 per M/T.
Special instructions: Insurance to be effected by buyer.
Instructions to advising bank: Please advise this credit to the beneficiary
We hereby undertake that drawers, endorsers in compliance with the terms of this credit will be duly honored upon presentation to the drawee bank.
Authorized signature
根据上述信用证，回答下列问题

信用证有效期
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判断题

保证期间是指当事人约定的或法律规定的保证人承担保证责任的时间期限。如果保证人与债权人未约定保证期间的，法律规定的保证期间为主债务履行届满之日起一年。 ( )
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