Article-33-UCP-600-Hours of Presentation

A bank has no obligation to accept a presentation outside of its banking hours. 


This article states that banks are not obliged to accept documents outside of their banking hours. It is bank discretion whether to accept the document after the banking hours or not, If a bank accepts a presentation outside its banking hours, then it is understood that the presentation is deemed to be received on the next banking day and 5 banking days for examining the document will be started from following the day when presentation officially deemed to be received.

A bank may have various banking hours based on particular centre for the presentation of documents and, accordingly, the presentation schedules must be examined for any evidence of compliance with such limitation.

Same time a bank may send a refusal notice on the fifth banking day until 11:59 PM, in case of query from presenter regarding preclusion, a bank may states that the working hours were till 12 PM at night for that particular processing Centre.

Example : A credit states expiry date as 06-Feb-20xx in country of bank “X” which is also latest date for presentation. A presentation was made at 6 PM on 06-Feb-20xx at the counter of bank X.

Bank “X” receives the presentation on the same day and qoute the discrepancies “late presentation” and "expired credit" stating that business hours was till 4 pm as per standard country time and the presentation was received outside of its business hours.

Note: Ideally an expired credit is  non-existent credit, however, practically banks consider  this as  one of the discrepancy.

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Chandan Kumar Yadav
My name is Chandan Kumar Yadav CDCS, CSDG, CITF, PGDIBO,AML-KYC, CCFE, MLIBF, CSF, 6SIGMA a trade finance professional with an experience of 11 years whereas worked with several stages of letter of credit, bank guarantee and on other payments methods of trade transactions such as documentary collection, open accounts, SBLC etc., I have a fair understanding of Trade Based Money Laundering as well, Blogging related to Trade Finance is my passion and I want to share which I know and learn from others, I have worked with Wells Fargo, Yes Bank Limited and Bank of America, India which helped me to gain knowledge, view of Trade Finance and importance of International Trade in world's economy. Trade Finance is thumping product, everyday we are learning something new so in order to keep learning I started this as one of the platform. . Let's Learn Together

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