From which day is the tenor of draft started ?
Posted: Tue Mar 24, 2009 10:54 pm
such in this case below , when is the maturity date of the draft?
-at 1 march( friday),From nominated bank, An Issuing bank received time draft,documents which indicate a discrepancy on the coverring letter.
and at 8 march(friday) , applicant gave a waiver ,and the issuing bank decided to accept the time draft showing "30days after sight" and.. there wasn't notice of refusal against the non-complying presentation.
when will the calculation of maturity date be started from? which day? 1 or 8??
let me add one more question. At this stage above, If the date is 1, Shold issuing bank have instantly had to give rejection or refusal notice to the nominated bank in order to make the tenor of draft pushed out?
actually I am not in English-speaking countries.so I am diffident about speaking English and It could be diffcult for you to understand what I am asking ......
but I really hope you to understand what I am saying .. please read carefully and please answer correctly ... thank you
-at 1 march( friday),From nominated bank, An Issuing bank received time draft,documents which indicate a discrepancy on the coverring letter.
and at 8 march(friday) , applicant gave a waiver ,and the issuing bank decided to accept the time draft showing "30days after sight" and.. there wasn't notice of refusal against the non-complying presentation.
when will the calculation of maturity date be started from? which day? 1 or 8??
let me add one more question. At this stage above, If the date is 1, Shold issuing bank have instantly had to give rejection or refusal notice to the nominated bank in order to make the tenor of draft pushed out?
actually I am not in English-speaking countries.so I am diffident about speaking English and It could be diffcult for you to understand what I am asking ......
but I really hope you to understand what I am saying .. please read carefully and please answer correctly ... thank you