Okla. Stat. tit. 12A, § 12A-4-502: Presentment of "On Arrival" Drafts

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.