What Is a Delivery Month?

The delivery date refers to the date on which the seller loads the goods on the means of transport to the destination (port) or the carrier. It is customarily called the "shipment period".

Delivery time

The lead time is the date on which the seller loads the goods to the destination (port) by means of transport or the carrier, and is customarily called "

In international trade sales contracts, the methods for stipulating the delivery period (shipment period) are generally as follows:

1. Clearly stipulate the delivery time

(1) Limited to delivery within a certain month or months: such as "Delivery of shipment during May 1998" (Delivery of shipment during May 1998); "Shipment during May / 1998" June 1998), also known as cross-month shipment.

(2) Limited to shipment on or before a certain month: such as "Shipment on or before 15th November 1998"; "Shipment on or before the 15th November 1998" end of May 1998).

China's import and export contracts generally use the above-mentioned method of delivery. This method of regulation is relatively clear and specific, which not only allows the seller a certain period of time to prepare goods and arrange transportation, but also facilitates the buyer to grasp the date of shipment of the goods in advance, and make preparations for payment and acceptance of the goods.

2. Provide for several days after receipt of the letter of credit or prepayment

The main reasons for using this method to stipulate the delivery time are that after the contract is signed, the buyer has not been able to open the letter of credit because the buyer fails to apply for an import license or its country does not approve foreign exchange, or because the decline in the market price of the goods is not good for the buyer. In order to avoid the loss caused by the buyer's failure to open the certificate in a timely manner, the seller binds the buyer in this way. Only after receiving the letter of credit from the buyer. However, the buyer encounters unfavorable circumstances and sometimes intentionally delays the issuance of the issuance or does not want to issue it at all. In order to prevent this from happening, the seller stipulated in the contract that "the buyer should issue the letter of credit to the seller no later than a certain day and a month at the same time" while stipulating that the letter of credit should be received or the shipment should be paid a few days after receiving the advance payment. The relevant L / C must reach the seller not later than ...).

3. Use terms to indicate delivery

Use some terms in international trade such as "Immediate shipment", "Shipment as soon a possible", "Prompt shipment", etc. Article 46 (6) of the Uniform Practices (Publication No. 500) stipulates that words such as "quick", "immediate", and "as soon as possible" should not be used. If such words are used, the bank will ignore them.