If a bill of lading shows more than one on board notation is presented under a credit which requires drafts to be drawn... the earliest of these on board dates will be used for calculation of the maturity date.

Example: ..the bill of lading evidences on board vessel "A" from Dublin August 16 and on board vessel "B" from Rotterdam August 18. The draft should reflect 60 days from the earliest on board date in a European port, i.e., August 16.

Does this mean that shipment is effected by two vessels? If yes, then it must be a partial shipment, isn't it?

Thanks!

Shahriar

The fact that there are two vessels mentioned on the B/L does not mean that there is "partial shipment" - but it does mean that there is transhipment.

I hope this helps you.

Best rehards

Kim Christensen