The UCP provides no guidance where the words“from”and “after” are used to determinematurity dates of
The UCP provides no guidance where the words“from”and “after” are used to determine
maturity dates of drafts. Reference to “from” and “after” in the UCP refers solely to dateterminology for periods of shipment. Where the word “from” is used to establish the maturity date,intemational standard banking practice would be exclude the date mentioned, unless the credit specifically provides that“from” is considered to include the date mentioned. Therefore, for the purpose of determining the maturity date of a time draft,the words “from” and “after” have the same effect.Calculation of the maturity commences the day following the date of the document, shipment, or other event, i.e.10 days after or from March 1 to March 11.