{"id":2376,"date":"2018-07-11T15:40:09","date_gmt":"2018-07-11T19:40:09","guid":{"rendered":"http:\/\/www.letterofcredit.biz\/?p=2376"},"modified":"2019-04-07T02:15:27","modified_gmt":"2019-04-07T06:15:27","slug":"how-to-determine-date-of-shipment-on-a-bill-of-lading","status":"publish","type":"post","link":"https:\/\/www.letterofcredit.biz\/index.php\/2018\/07\/11\/how-to-determine-date-of-shipment-on-a-bill-of-lading\/","title":{"rendered":"How to Determine Date of Shipment on a Bill of Lading?"},"content":{"rendered":"<p><a href=\"http:\/\/www.letterofcredit.biz\/index.php\/2018\/07\/10\/date-of-shipment\/\">Date of shipment<\/a> is one of the key definitions in a letter of credit transaction. It is used to determine<\/p>\n<ul>\n<li>whether shipment made on time or not (in other words a late shipment has been effected or not)<\/li>\n<li>whether documents presented within the presentation period or not (in other words a late presentation has been effected or not)<\/li>\n<li>maturity date of the time draft<\/li>\n<li>maturity date of a deferred payment letter of credit.<\/li>\n<\/ul>\n<p>Date of shipment on a bill of lading can be determined in two ways.<\/p>\n<p>In the first scenario, we will face a situation where a bill of lading does not contain any dated shipped on board notation.<\/p>\n<p>In the second scenario, we will be having a bill of lading which contains a dated shipped on board notation.<\/p>\n<p><span style=\"color: #008000;\"><strong>Option 1 =&gt;<\/strong><\/span> <span style=\"color: #008000;\">There is no shipped on board notation exists on the bill of lading:<\/span><\/p>\n<ul>\n<li>The date of issuance of the bill of lading will be deemed to be the date of shipment.<\/li>\n<\/ul>\n<p><span style=\"color: #008000;\"><strong>Option 2=&gt;<\/strong><\/span> <span style=\"color: #008000;\">Bill of lading indicates, by stamp or notation, a shipped on board date: <\/span><\/p>\n<ul>\n<li>Notation date will be deemed to be the date of shipment as specified below: Date of shipped on board notation\/stamp =&gt; this date will be deemed to be the date of shipment<\/li>\n<\/ul>\n<p><strong><span style=\"color: #008000;\">Example:<\/span><\/strong> On the below figure, you can see a shipped on board notation which is located on the bottom of a bill of lading. As there is a dated on board notation exist on the bill of lading, date of shipment will be deemed to be this shipped on board notation date which is 14.May.2018.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter size-full wp-image-2379\" src=\"http:\/\/www.letterofcredit.biz\/wp-content\/uploads\/date-of-shipment-on-a-bill-of-lading.png\" alt=\"Date of shipment on a bill of lading\" width=\"519\" height=\"230\" srcset=\"https:\/\/www.letterofcredit.biz\/wp-content\/uploads\/date-of-shipment-on-a-bill-of-lading.png 519w, https:\/\/www.letterofcredit.biz\/wp-content\/uploads\/date-of-shipment-on-a-bill-of-lading-300x133.png 300w\" sizes=\"(max-width: 519px) 100vw, 519px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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<\/p>\n","protected":false},"author":1,"featured_media":2381,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[152,209,22,150],"tags":[107,269,267],"class_list":["post-2376","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bill-of-lading","category-how-to-work-with-a-letter-of-credit","category-basics","category-letter-of-credit-documents","tag-bill-of-lading","tag-date-of-shipment","tag-latest-date-of-shipment"],"_links":{"self":[{"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/posts\/2376","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/comments?post=2376"}],"version-history":[{"count":0,"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/posts\/2376\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/media\/2381"}],"wp:attachment":[{"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/media?parent=2376"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/categories?post=2376"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/tags?post=2376"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}