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period of presenation
Posted: Sat Jan 19, 2019 7:05 am
by SANUSILAMIN
Dear Experts
Expiry date: 31/12/2019
Lates date of shipment: 31.06.2019
could I indicate the filed NO.48 : period of presenation documents as 6 months after Bill of loading Date but within LC validity ?
Note: 6 months is the Time between Expiry and Shipment Date.
please check and feedback.
Regards,,
Re: period of presenation
Posted: Sat Jan 19, 2019 10:15 am
by picant
Hi Pal,
Period of presentation may be restricted or widened, but usually represent the period of time the transport means need to carry the goods, it takes 2/3 days between Mediterranean Sea, and more than 30 days from Genoa to Seoul, etc. . 180 days are too much, IMHO, except particular cases: shipment to third party for specific work on the goods, etc.
Please clarify?
Othr comments appreciated
Ciao
Re: period of presenation
Posted: Tue Jan 22, 2019 5:41 pm
by cristiand969
Maybe it is worth explaining what is the intention behind such an extended date. Is it the L/C payable at 180 days and perhaps a confusion between maturity and expiry dates may have occurred? Or maybe there is a second milestone /second drawing when a commissioning of goods at destination will take place requiring installation, training of personnel and various acceptance tests?
Otherwise I really don't understand the reason as to why you want to pay additional 2 quarters of issuance commissions unless you want to throw the money on window.
