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Anonymous users2024-02-06The validity period of the letter of credit is fixed at the time of issuance, and the latest shipment period is also fixed, but the time of document submission is not fixed;
1) 21 days after the bill of lading;
2) Specify the time for submission of documents;
3) Validity period of L/C.
Which of the above 3 times is the shortest, then the order delivery time needs to be at this time.
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Anonymous users2024-02-05The equation in the letter of credit: validity period = latest shipping date + document delivery period is wrong.
The validity period of the letter of credit is fixed at the time of issuance, and the latest shipment period is also fixed, but the time of document submission is not fixed;
1) 21 days after the bill of lading;
2) Specify the time for submission of documents;
3) Validity period of L/C.
Which of the above 3 times is the shortest, the order delivery time needs to be within this time.
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Anonymous users2024-02-04The letter of credit should indicate the maturity date and the latest shipping period. If the delivery is made within 45 days after receiving the LC, the first thing to see if the latest shipment period stipulated in the letter of credit has been exceeded, if not, it needs to be negotiated within 15 days from the date of the bill of lading (this is when the letter of credit has no special provisions), unless otherwise stipulated in the letter of credit.
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Anonymous users2024-02-03The validity period of the letter of credit is a fixed time when the letter is issued, and the latest shipment period is also fixed, but the time of document submission is not fixed;
1) 21 days after the bill of lading;
2) Specify the time for submission of documents;
3) Validity period of L/C.
Which of the above 3 times is the shortest, the order delivery time needs to be within this time.
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Anonymous users2024-02-02Your expiration date should be the expiration date.
For example, your latest shipment date is September 1, and the delivery time is 15 days.
Then the expiration date is September 16th.
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Anonymous users2024-02-01The validity period of the letter of credit means that the letter of credit only takes effect within this period, and the latest shipping period beyond the invalidity refers to the deadline for the beneficiary to arrange the shipment (generally the date on which the bill of lading is shipped).
The latest delivery period is generally expressed in terms of the number of days after shipment. Usually this expression (xx days after shipment date) means that the documents must be submitted to the designated bank within xx days after the shipment.
Therefore, when the letter is issued, it is generally the date of shipment + the number of days of document submission and the validity period of the letter of credit.
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Anonymous users2024-01-31Legal analysis: The validity period of the letter of credit is generally one or two days after the submission period. L/C refers to a written document in which the bank (issuing bank) makes payment to a third party (beneficiary) or its designated party with the prescribed documents in accordance with the requirements and instructions of the applicant or on its own initiative, subject to the terms and conditions of the L/C.
That is, a letter of credit is a written document issued by a bank that commits to payment conditionally. In international activities, the buyer and the seller may not trust each other, and the buyer is worried that the seller will not deliver the goods according to the contract requirements after the advance payment; The seller is also concerned that the buyer will not pay after shipping the goods or submitting the shipping documents. Therefore, it is necessary for two banks to act as guarantors for both buyers and sellers, collect and submit documents on behalf of them, and replace commercial credit with bank credit.
The instrument used by banks in this activity is the letter of credit.
Legal basis: Article 10 (1) The date of issuance refers to the date on which the issuing bank issues the letter of credit. If the effective date of the L/C is not recorded, the effective date of the L/C shall be the effective date of the L/C.
2) Validity period refers to the deadline for the beneficiary to submit the document to the effective point.
c) The latest date of shipment of goods or the date of provision of services means the deadline for shipment of goods or provision of services specified in the letter of credit. The latest date of shipment of goods or the date of provision of services shall not be later than the validity date of the letter of credit. If the letter of credit does not specify, the validity period shall be deemed to be the latest date of shipment of goods or the date of provision of services.
4) Payment term refers to the time limit for payment according to the terms of the letter of credit after the issuing bank receives the corresponding documents. Letters of credit are divided into sight letters of credit and usance letters of credit according to the payment term. For L/C at sight, the issuing bank shall make payment within five business days from the day after receiving the matching documents.
For usance L/C, the issuing bank shall confirm the payment due within five business days from the day after receiving the corresponding documents, and make payment on the due date. The way to express the forward date includes: regular payment after the document, regular payment after the receipt of the document, fixed day payment and other ways to determine the due date.
The term of payment of the letter of credit shall not exceed one year.
5) Submission period refers to the effective period of submission of the documents required under the letter of credit, which is calculated from the date of shipment of the goods or the date of provision of services. If the time limit is not specified, it shall be 15 days after the date of shipment of the goods or the date of provision of the service. In any case, the submission of documents shall not be later than the validity period of the letter of credit.
There are two kinds of fire extinguisher certificates, which are certificates and maintenance and testing certificates, and they are very different. That is, the certificate is the factory certificate of the fire extinguisher manufacturer; The maintenance inspection certificate is a test certificate that has been filled once, which proves that it is a qualified fire extinguisher after testing and filling. There is also a validity period of five years for the former and two years for the latter.
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