Can a letter of credit be amended to change the expiration date?

A letter of credit can indeed be amended to change the expiration date. This is because letters of credit are flexible financial instruments designed to facilitate international trade. They can be modified under certain conditions, allowing parties to adjust the terms to reflect changes in circumstances or agreements. This includes extending the expiration date if the parties involved agree to do so. Amendments to letters of credit typically require the consent of all parties involved, especially the issuing bank and the beneficiary, but it is generally permissible to make such changes if justified. This flexibility supports the dynamic nature of international transactions, where timelines and conditions can frequently change.