Tenor Of DC Is 60 Days After Bill Of Lading Issue Date

Afsheen · Post by **Afsheen** » Wed Mar 05, 2014 2:28 am

Dear sir

If the DC shows drafts at 60 days after b/l issue date. Docs received from the beneficiary and the b/l shows issue date as 28022014 and shipped on board date is 2402201
4, what will be the maturity date for this presentation.

thanhhabb · Post by **thanhhabb** » Wed Mar 05, 2014 9:14 am

Dear friend,
As per ISBP B2c, when determining maturity date, on board date will be bill of lading date indicated in tenor (60 days after bill of lading date). But IMHO, when LC states clearly "B/L issue date", then we will take the B/L issuing date to calculate the maturity date. Other comments, pls!
Regards,

Majid · Post by **Majid** » Wed Mar 05, 2014 10:03 am

Maturity dated will b calculated as per LC term I.e issue date of bl
Additional comments appreciated

mzhossainctg2 · Post by **mzhossainctg2** » Wed Mar 05, 2014 10:47 am

I humbly differ with Thanhhabb.
In every circumstances, where there is a Shipped on Board date, it will be considered as Shipment date. If there are mention of BL issue date and Shipped on board date, then definitely Shipped on Board date will be considered in calculating Maturity date.

Regards
Zakir

Afsheen · Post by **Afsheen** » Fri Mar 07, 2014 12:20 pm

Mr. Zakir
I agree with you if the DC states tenor as 60 days from shipment date or BL date but in this case the DC states from BL issue date.
Please advise.

ritikaagg · Post by **ritikaagg** » Thu Jul 17, 2014 2:32 pm

hi

maturity date shud be as per B/l issue date...

TITI · Post by **TITI** » Fri Aug 15, 2014 2:07 pm

Hi,
.
The maturity date should be as per on board date.
As per ISBP art B2.c, " when the tenor refers to, for example, 60 days after the bill of lading date, the on board date is deemed to be the bill of ladng date even when the on board date is prior to or later than the date of issuance of the bill of lading"
.
Regards
Titi
PT Bank Negara Indonesia Persero (tbk)

Uppendhar · Post by **Uppendhar** » Fri Aug 29, 2014 2:36 pm

60 days from bill of lading issue date is same as 60 days from b/l date i.e., maturity date is to be calculated from from shipped on board date

Tenor Of DC Is 60 Days After Bill Of Lading Issue Date

Tenor Of DC Is 60 Days After Bill Of Lading Issue Date

B/L date

Agreed

BL issue date vs Shipped on Board.

Tenor of DC is 60 days after b/l issue date

hi

maturity date

B/L date same as B/L issue date