Dear all,
Can i have your views on SWIFT format as per below for presentation period:
48 PERIOD FOR PRESENTATION IN DAYS
21/WITHIN LC VALIDITY
My opinion is that this means within 21 days of shipment, and this date must be within expiry.
Client argues that this means they have up to expiry to present documents. Expiry is in late April.
Thanks and regards
PRESENTATION PERIOD
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Lordster
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picant
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Re: PRESENTATION PERIOD
Hi Pal,
IMHO, it seems to me ambiguos, with the last Swift instructions, or 21 days or within the LC validity.
Ask for clarification the issuing bank, or consider the responsability of said bank and act as you need.
Other comments appreciated
Ciao
IMHO, it seems to me ambiguos, with the last Swift instructions, or 21 days or within the LC validity.
Ask for clarification the issuing bank, or consider the responsability of said bank and act as you need.
Other comments appreciated
Ciao