another question concerns the date

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21vita
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another question concerns the date

Post by 21vita » Thu Dec 24, 2009 9:36 am

Dear friends,
i have a question as follows
LC: benef should fax shipping adv to app within 3 days from b/l date
B/L date is dec 20,fax copy show fax sending date is Dec 23, and refused by issuing bank due to "shipping adv sent one day later"

Is the refusal reasonable? i.e Dose the word "from"include or exclude the date mentioned?
i think ucp600 art3 only deal with the situation of determination of shipment period and maturity.

Any comments appreciated.

LCstudent
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Date on fax activity report

Post by LCstudent » Sat Dec 26, 2009 3:40 am

Dear friend ! Unfortunately I have ISBP 681 not near to me, but please contact the publication - there are explanations about calculation of such time frames. I suppose issuing bank saw the three time period INCL. Dec 20, so 22nd is the third day - 23rd seems to be to late. Other views ? Seasons greetings from Germany around the community Yours LCStudent

edilee
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date of shipment is calculated FROM

Post by edilee » Sat Dec 26, 2009 5:00 am

ucp 600 Art.3 Comments FROM include shipment date so it seems late prediction
it is very tricky but light :) discrepancy I think
regards

21vita
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still confused

Post by 21vita » Mon Dec 28, 2009 8:29 am

dear friends,thanks a lot for all yr help.
but 681 seems no related clauses(about the word" from")..
and ucp 600 Art.3 Comments FROM include shipment date---is only about shipment period,i think there's a little difference..

malla
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IT IS A CLEAR DISCREPENCY

Post by malla » Mon Dec 28, 2009 10:40 am

21vita wrote:Dear friends,
i have a question as follows
LC: benef should fax shipping adv to app within 3 days from b/l date
B/L date is dec 20,fax copy show fax sending date is Dec 23, and refused by issuing bank due to "shipping adv sent one day later"

Is the refusal reasonable? i.e Dose the word "from"include or exclude the date mentioned?
i think ucp600 art3 only deal with the situation of determination of shipment period and maturity.

Any comments appreciated.
HI Friends,
particularly for this case we need not to go for UCP or ISBP.sine the clarification for "from"
is given for to caluculate shipment period and maturity date.
here the intention of lc is to say 3days by including the date of shipment(i.e,20,21,22).

malla

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nesarul
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still confused

Post by nesarul » Mon Dec 28, 2009 12:24 pm

Dear ,
pls follow the link... i think its might be helpful. especially T.O. Lee comment....
http://www.lcviews.com/swq_62.htm
regards
nesar

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