How to determine Shipment Date in Bill of Lading under LC?
How to determine Shipment Date in Bill of Lading under Letters of Credit (LC)?
• Date of shipment is one of the key definitions in a letter of credit (LC) transaction.
• It is used to determine:
– whether shipment is done on time or not (to ensure whether a late shipment has taken place or not)
– whether documents presented within the presentation period or not (to ensure whether a late presentation has occurred or not)
– Due date of the time (usance) draft / deferred payment LC
In this video, I have shared how to determine shipment date in bill of lading under LC.
About Speaker:- Isaac Tudu is an ex-banker with India’s largest Banks i.e. ICICI Bank and State Bank of India having more than 25 years of banking experience in Trade Finance and Credit with ICC certifications like CDCS, CSDG & CITF etc.
Isaac’s Vision:
• To create a financial world where SMEs are well conversant with Trade Finance without any ambiguity AND
• Where every Bankers can demonstrate practical knowledge and understanding of the complex issues associated with Letters of Credit (LC) by CDCS Certification
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