Thereafter, any metal quantity which remains un-priced shall automatically receive the relevant settlement price, as published in the Metal Bulletin in London, averaged over the quotational period.
If the letter of credit is opened after the deadline in Clause 9(1) below, in breach of Clause 9. PAYMENT, Seller shall have the right to defer the quotational period until after the compliant and workable letter of credit is opened with all costs and liabilities incurred by such action to be borne by Buyer. The provisions of this paragraph are without prejudice to the Seller’s rights as set out in clauses 9. PAYMENT and 23. DEFAULT.
9.