After Date

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After Date

Definition of After Date in International Trade

The following is a concept of After Date in the context of international trade law, from the Dictionary of International Trade (Global Negotiator): In banking, a notation used on financial instruments (such as drafts or bill of exchange) to fix the maturity date as fixed number of days past the date if drawing of the draft. For example, if a draft stipulates “30 days after date”, it means that the draft is due (payable) 30 days after the date it was drawn. This has the effect of fixing the date of maturity of the draft, independent of the date of acceptance of the draft. See acceptance date; after sight; bill of exchange; drawee.

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