Charges

polterd · Post by **polterd** » Mon Mar 31, 2008 1:00 am

Dear Gerhard,
as per UCP600-art.8b, confirming bank is irrevocably bound to honour or negotiate as of the time it adds its confirmation. So, the day a bank confirms is the 1st day of calculation. You do not start calculating from the time you advised bnf or the time bnf acknowledged receipt of your confirmation advising, but from the time you did confirm.

Dear Roland,
unless UCP600-art.37c applies, commissions should be colected as per l/c terms: confirm.comm from applicant and acc.comm/chgs from bnf.

Regards,
Bogdan

RolandSatchell · Post by **RolandSatchell** » Mon Oct 20, 2008 1:00 am

Looks liek you came uop with 54 days as you started to count from teh day after confirmation. But, isn'y confirmation in place on the first day ie the day of conf and not teh day after!!