2012 Pennsylvania Consolidated Statutes
Title 13 - COMMERCIAL CODE
Chapter 45 - Collection of Documentary Drafts
Section 4502 - Presentment of "on arrival" drafts

     § 4502.  Presentment of "on arrival" drafts.
        If a draft or the relevant instructions require presentment
     "on arrival", "when goods arrive" or the like, the collecting
     bank need not present until in its judgment a reasonable time
     for arrival of the goods has expired. Refusal to pay or accept
     because the goods have not arrived is not dishonor; the bank
     must notify its transferor of the refusal but need not present
     the draft again until it is instructed to do so or learns of the
     arrival of the goods.
     (July 9, 1992, P.L.507, No.97, eff. one year)