Kanada xxx chat at - Expiry dating

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Other comments appreciated Ciao If the letter of credit states original bill of lading, but the presenter has presented copy of bill of lading.

then, we should take expiry date as the latest presentation date.

The on board date shown on the copy bill of lading is . It follows that the on board date shown on the copy BL could not be treated as the shipment date. Regards Dear All, I agree under UCP 600, Copies of transport documents are not considered as transport documents.

Since the shipment date cannot be determined, the latest date of presentation then becomes instead of . However that doesnt mean that shipment date cannot be determined and that all data provided in the copy transport document are invalid.

The issue concerns the word "expressly" and whether or not this requires a bank to specifically indicate, in the credit, where a modification of the rules is being made and the extent to which it is being made.

Ultimately, it is the examination of documents against the terms and conditions of the credit that will determine whether or not a presentation is complying.

Please note even the LC calls for only copy of the transport document.

In such a case the presentation period will be 21 days from and not the expiry date of the LC. Cheers Uttam Sharma RHi Pals, I agreed wth the latest post, if you need to treat the copy of BOL as date to calculate the presentation periopd, it must be indicated in field 48 of Swift nsg MT700, 21 days from the on board date indicated in the copy of bill of lading.

It should be noted that when a rule is to be excluded, for whatever reason, there must be an express indication of this, by saying, for example, "Sub-article 14 (i) is excluded." In most cases when an exclusion occurs, the credit will need to contain a new rule replacing the language or article excluded.

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