How to determine date of shipment on a Road Transport Document?
Date of shipment can be determined in two ways on a  Road Transport Document. In the first scenario we will face a situation where  Road Transport Document does not contain any date of receipt or a date of shipment notation. In the second scenario we will be having a Road Transport Document which contains a date of receipt or a date of shipment notation. 

 
































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Date of shipment is one of the key definitions in a letter of credit transaction. It is used to determine 
  • whether shipment made on time or not (in other words a late shipment has been effected or not)
  • whether documents presented within the presentation period or not (in other words a late presentation has been effected or not)
  • maturity date of the time draft
  • maturity date of a deferred payment letter of credit.
Date of Shipment
Letter of Credit Documents








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Option 1 => There is no notation of a date of receipt or a date of shipment on the Road Transport Document:
The date of issuance of the Road Transport Document will be deemed to be the date of shipment. 
Option 2=>Road Transport Document indicates, by notation, a date of receipt or a date of shipment: Notation date will be deemed to be the date of shipment as specified below:
  • Date of receipt notation/stamp => this date will be deemed to be the date of shipment.
  • Date of shipment notation/stamp => this date will be deemed to be the date of shipment.