Starting date for maturity calculation

asamaha · Post by **asamaha** » Tue Oct 12, 2010 1:00 am

L/C is payable 90 days from B/L date.
The B/L presented indicates an on board date prior to B/L issue date.
Would you calculate the maturity as from the B/L issue date or the on board date?
Thanks
Antoine

NigelHolt · Post by **NigelHolt** » Tue Oct 12, 2010 1:00 am

On board date.

NicoleGroux · Post by **NicoleGroux** » Tue Oct 19, 2010 1:00 am

ISBP Pub 681 paragraph 43 c provides that quote if the tenor refers to XXX days after B/L date the on board date is deemed to be the B/L date even if the on board date is prior to or later than the date of issuance of B/L unquote

JacobCohen · Post by **JacobCohen** » Wed Dec 15, 2010 12:00 am

what about awb?

DanielD · Post by **DanielD** » Wed Dec 15, 2010 12:00 am

Actually, an L/C should not require "90 days from B/L date" but "90 days from shipment date" and this is valid for all transport documents awb included. That would make life easier.
Daniel

JacobCohen · Post by **JacobCohen** » Fri Dec 17, 2010 12:00 am

you are right
however,if l/c requires for awb
and the terms are "90 days form
awb date" and there is an notation
for the actual flight date ?
the ucp 600 does not mention this
case (nor the isbp)

NigelHolt · Post by **NigelHolt** » Fri Dec 17, 2010 12:00 am

I note that 23(a)(iii) says the date of issuance will be deemed to be the date of shipment unless the air transport document contains a specific notation of the actual date of shipment.

Anyway, if you only have a date of issuance surely, by definition, this is the only date on which the due date can be calculated?