bill is dishonoured by non-acceptance, from the date of protest for dishonour or, where protest is dispensed with, from the date of dishonour;
(d) Against the acceptor of a bill payable on demand or his guarantor, from the date on which it was accepted or, if no such date is shown, from the date of the bill;
(e) Against the guarantor of the drawee of a bill payable on demand, from the date on which he signed the bill or, if no such date is shown, from the date of the bill;
(f) Against the drawer or an endorser or their guarantor, from the date of protest for dishonour by non-acceptance or by non-payment or, where protest is dispensed with, from the date of dishonour.
2.- A party who pays the instrument in accordance with article 70 or article 71 may exercise his right of action against a party liable to him within one year from the date on which he paid the instrument.
CHAPTER IX - FINAL PROVISIONS
Article 85
The Secretary-General of the United Nations is hereby designated as the Depositary for this Convention.
Article 86
1.- This Convention is open for signature by all States at the Headquarters of the United Nations, New York, until 30 June 1990.
2.- This Convention is subject to ratification, acceptance or approval by the signatory States.
3.- This Convention is open for accession by all States which are not signatory States as from the date it is open for signature.
4.- Instruments of ratification, acceptance, approval and accession are to be deposited with the Secretary-General of the United Nations.
Article 87
1.- If a Contracting State has two or more territorial units in which, according to its constitution, different systems of law are applicable in relation to the matters dealt with in this Convention, it may, at the time of signature, ratification, acceptance, approval or accession, declare that this Convention is to extend to all its territorial units or only to one or more of them, and may amend its declaration by submitting another declaration at any time.
2.- These declarations are to be notified to the Depositary and are to state expressly the territorial units to which the Convention extends.
3.- If a Contracting State makes no declaration under paragraph 1 of this article, the Convention is to extend to all territorial units of that State.
Article 88
1.- Any State may declare at the time of signature, ratification, acceptance, approval or accession that its courts will apply the Convention only if both the place indicated in the instrument where the bill is drawn, or the note is made, and the place of payment indicated in the instrument are situated in Contracting States.
2.- No other reservations are permitted.
Article 89
1.- This Convention enters into force on the first day of the month following the expiration of twelve months after the date of deposit of the tenth instrument of ratification, acceptance, approval or accession.
2.- When a State ratifies, accepts, approves or accedes to this Convention after the deposit of the tenth instrument of ratification, acceptance, approval or accession, this Convention enters into force in respect of that State on the first day of the month following the expiration of twelve months after the date of deposit of its instrument of ratification, acceptance, approval or accession.
Article 90
1.- A Contracting State may denounce this Convention by a formal notification in writing addressed to the Depositary.
2.- The denunciation takes effect on the first day of the month following the expiration of six months after the notification is received by the Depositary. Where a longer period f
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