UCP 600 Article 29 — Extension of Expiry Date or Last Day for Presentation

Introduction

UCP 600 Article 29 (Extension of Expiry Date or Last Day for Presentation) is lettered 29(a), 29(b), 29(c). If the expiry date of a credit or the last day for presentation falls on a day when the bank to which presentation is to be made is closed for reasons other than those referred to in article 36, the expiry date or the last day for presentation will be extended to the first following banking day. The latest date for shipment will not be extended as a result of 29(a). A nominated bank that takes a presentation on that following banking day must state on its covering schedule that the presentation was made within the time limits extended in accordance with 29(a).

Failure Mode Analysis

Failure mode 1: Skipping the first limb

Operations compile against later limbs and never test 29(a). The first limb is not optional. A presentation that violates it is a binary reject.

Applying the article

Read the limbs above as they stand in the ICC text. Do not import sub-articles from another article. Document examination remains UCP 600 Article 14: on the face of the documents, within five banking days following the day of presentation.

Conclusion

Use the article as printed. If a lettered sub-article is not in the text above, it is not part of the rule.

FAQ

What is Article 29(a)?

If the expiry date of a credit or the last day for presentation falls on a day when the bank to which presentation is to be made is closed for reasons other than those referred to in article 36, the expiry date or the last day for presentation, as the case may be, will be extended to the first following banking day.

Are letters beyond c part of Article 29?

No. The ICC text letters Article 29 as (a), (b), (c) only.

Does a five-day waiver request extend examination?

No. Article 16(b) states that approaching the applicant for a waiver does not extend the period in Article 14(b).