Computing due date on discrepant documents

[Shahed]

Hello everybody,

Can I have your thoughts on below scenario.

Bank A receives an import documents under an usance L/C (30 days sight) from the beneficiary, which found discrepant by the issuing bank, Bank A.

Bank A sends a notice of rejection (MT 734) to the beneficiary, and at the same time refer the discrepancy(ies) to the applicant for acceptance/non-acceptance.

Applicant conveyed its acceptance 15 days after the date of notification of discrepancy(s) to them by the issuing bank.

My question, how the issuing bank will calculate the due date? 30 days from the date of receipt of original documents, or 30 days after the date of receipt of applicant’s acceptance?

Best regards,

Shahed

[edited 6/22/2017 11:19:11 PM]

[RashidHasan]

The due date should be calculate from the date of acceptance of the discrepancy

[RitaRicci]

Refer to ISBP 745 paragraph B5b.ii.
Rgds