The Shipment Period 2

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The terms typically found in sale contracts fall into three types:

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1) a prohibition on substituted nomination;

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2) a clause which restricts the parties to a specific period for substitute nominations;

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3) a clause permitting the extension of the shipping period in the event of a substituted nomination.

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An earlier shipment date may be substituted provided that:

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a) the contract does not expressly confine the buyer to a single nomination or there is no implied preclusion of substitution

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b) the substitute nomination is made in time: Cargill

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BL must show the actual date of shipment. B can reject BL if it shows an incorrect shipment date: Bowes, Yelo, F.E, Kwei Tek Chao