A Beginner's Guide to Shipment and Presentation Dates under UCP600

Master the critical rules of international trade finance and ensure your export payments are always protected! In this session, we demystify the strict timelines governing letters of credit under UCP600. Even if your physical cargo is shipped on schedule, missing a document deadline by just one hour can lead to costly discrepancies or non-payment. Discover how banks view your documents, how to navigate the "Triple Lock System," and the exact way to count the 21-day presentation period using the Day Zero calculation. 📌 Key Takeaways: The Triple Lock System: Understanding the 3 sequential gates—Latest Shipment Date, Presentation Period, and Expiry Date. Shipment Date Determination: Why banks prioritize transport documents over physical departure, and the risk of "Carrier Use Only" boxes on airway bills. The 21-Day Presentation Clock: How to calculate deadlines properly using the "Day Zero" formula (the shipment date is Day 0). Exceptions to the Rule: Which documents (FCRs, document copies) bypass the 21-day clock and how the "Stale Documents Acceptable" clause works. Bank Holidays & Expiry: What happens when an expiry date falls on a non-banking day. 💬 Join the Discussion: What is the most confusing part of your current shipment or export documentation process? Have you ever dealt with a letter of credit discrepancy? Share your questions and experiences in the comments below—our team will respond with actionable guidance! 👍 Like, Share, and Subscribe to Vanijja | Trade Insights for actionable trade finance strategies, LC mastery, and export compliance tutorials. 📬 Connect With Us: Website: https://www.exportreview.com Media Creator LinkedIn:   / nhemratha   Email Inquiries: khratha@gmail.com 🏷️ Hashtags: #UCP600 #LetterOfCredit #TradeFinance #ExportDocumentation #InternationalTrade #SupplyChain #Logistics #Vanijja Video Chapters & Timestamps [00:00] – Introduction: The High Stakes of UCP600 Deadlines [00:53] – The Triple Lock System: Gates 1, 2, and 3 Explained [01:18] – Gate 1: Latest Shipment Date vs. Bank Working Days [01:42] – How Banks Determine the Official Shipment Date [02:07] – Gate 2: The 21-Day Presentation Period & "Day Zero" Calculation [02:36] – Exceptions: FCRs, Copies & "Stale Documents Acceptable" [03:03] – Gate 3: Expiry Date Extensions on Bank Holidays [03:52] – Key Summary & Review of the Triple Lock Framework [04:35] – Calculation Walkthrough & Avoiding Discrepancies [06:03] – Final Checklist & Audience Q&A