ICC Banking Commission Opinion R659 TA 634rev contd Opinion From the details

Icc banking commission opinion r659 ta 634rev contd

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ICC Banking Commission Opinion R659 [TA 634rev] (cont’d)Opinion:From the details relating to this particular BL, thereis no requirement for a date of issuance. …Theshipped on board date would constitute the date ofthebillofladingforthepurposeofISBP681paragraph 13.Supplementary QuestionGiven there is a shipped onboard date, what will happenif there is a filed for date andplace of issuance in the BLbut kept blank.???but kept blank.???Ans:TheBLwouldbediscrepantGENERAL PRINCIPLESDates14. Any document, including a certificate of analysis,inspectioncertificateandpre-shipmentinspectioncertificate, may be dated after the date of shipment.However, if a credit requires a document evidencing apre-shipmentevent(e.g.,pre-shipmentinspectioncertificate), the document must, either by its title orcertificate), the document must, either by its title orcontent, indicate that the event (e.g., inspection) tookplace prior to or on the date of shipment. A requirementforan“inspectioncertificate”doesnotconstitutearequirementtoevidenceapre-shipmentevent.Documents must not indicate that they were issued afterthe date they are presented.
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GENERAL PRINCIPLESDates15. A document indicating a date of preparationand a later date of signing is deemed to be issuedon the date of signing.GENERAL PRINCIPLESDates16. Phrases often used to signify time on either side of adate or event:a. “within 2 days after” indicates a period from the date ofthe event until 2 days after the event.b. “not later than 2 days after” does not indicate a period,only a latest date. If an advice must not be dated prior to aspecific date, the credit must so state.c. “at least 2 days before” indicates that something musttake place not later than 2 days before an event. There isno limit as to how early it may take place.d. “within 2 days of” indicates a period 2 days prior to theevent until 2 days after the event.ISBP681 with more suggestionsThe words that indicate a ‘PERIOD’ISBP681 (Clause 16)‘Within two days of’= 02 days before+ Event date+02 days afterExample: The DC states ‘an advice of shipment to be sentwithin two days of shipment’. If the shipment date is 10-Jan-2012, the valid time period for sending the shipmentadvice is 08-Jan-2012 to 12-Jan-2012’.a ‘PERIOD’‘Within two days after’= Event date+02 days afterExample: The DC states ‘an advice of shipment to be sentwithin two days after shipment’. If the shipment date is10-Jan-2012,thevalidtimeperiodforsendingtheshipment advice is 10-Jan-2012 to 12-Jan-2012’.ISBP681 with more suggestionsThe words that “not later than 2 days after” does notindicate a period, only a latest date. Ifan advice must not be dated prior to aspecific date, the credit must so state.’’ISBP681 Clause 16 (b)‘Not later than two days after’= that indicates a ‘latest date’Example: An advice of shipment to besent not later than two days after thedate of shipment (05-Oct-2012).
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  • Summer '16
  • Md. Nahid Hossain
  • invoice, Bill of lading, UCP

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