LC Reads Tenor As 90 Days From Delivery Certificate

lalith460 · Post by **lalith460** » Fri May 15, 2015 12:47 am

Hi

LC reads tenor as 90 days from delivery certificate.

Pls confirm whether we need to calculate 90 days from delivery certificate date or 90 days from delivery date.

Thanks and Regards
Lalith Kumaran

picant · Post by **picant** » Sat May 16, 2015 11:40 am

Hi Pal,

IMHO, in this case maturity will be calculated from the day following the date of the document, as per ISBP 745 B2 d.
Other comments appreciated
Ciao