What is the outcome when an L/C expires and cannot be amended?

When a Letter of Credit (L/C) expires and cannot be amended, the typical outcome is that it must be reissued. This happens because an expired L/C is no longer valid for transactions, meaning that beneficiaries cannot present documents under it for payment. The inability to amend signifies that the original terms and conditions of the L/C can no longer be adjusted to extend its validity. Therefore, if the parties involved wish to continue the transaction or ensure payment, they would need to create a new L/C that reflects the desired terms and conditions.

In scenarios like this, the expired L/C is effectively rendered useless for the intended purpose, necessitating the issuance of a new document to facilitate any ongoing or future transactions.