Inspection Date

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📖 Detailed Explanation

Inspection Date refers to the specific date agreed upon in a foreign trade contract on which the buyer or its designated representative inspects the goods. This term typically appears in the inspection clause to specify the timing of inspection, ensuring that the goods comply with the contract's quality, quantity, and packaging requirements before shipment. Usage scenarios include: agreeing on the inspection date when signing the contract, or stipulating in a letter of credit that the inspection certificate must be issued no later than the inspection date. Note: The inspection date should be earlier than the shipment date, with sufficient time allowed for possible rectification; if the inspection fails, the buyer has the right to reject the goods or demand a price reduction. Unlike 'Shipment Date', the inspection date focuses on when the inspection occurs, not when the goods are actually loaded. Unlike 'Inspection Validity Period', the inspection date is a specific point in time, not a period. Foreign trade practitioners must clearly specify the inspection date and its modification mechanism in the contract to avoid shipment delays or letter of credit discrepancies caused by inspection delays.

📝 Examples

1. The contract stipulates that the inspection date is May 10, 2024, and the buyer must complete the inspection and issue an inspection report before this date; otherwise, the goods shall be deemed accepted. (Note: This clarifies the inspection date as the deadline for the buyer's inspection obligation.) 2. Due to production delays, the seller applied to postpone the inspection date from June 1 to June 15, and the letter of credit was amended after the buyer's consent. (Note: This demonstrates the practical operation of changing the inspection date and its impact on the letter of credit.)

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