Search found 5 matches

by BlueHawk
Wed Nov 07, 2001 12:00 am
Forum: UCP 500
Topic: Can documents presented direct O.B.?
Replies: 7
Views: 3800

Can documents presented direct O.B.?

When issuing a d/c, it is a definite undertaking of the issuing bank to honor/accept timely presented and credit conform doc.s, therefore, it is still its task even the doc.s have been presented by-passing any nominated bank. However, it may be prudent to advise nominated bank of the status to take ...
by BlueHawk
Wed Nov 07, 2001 12:00 am
Forum: UCP 500
Topic: inspection certificate
Replies: 2
Views: 1889

inspection certificate

What Mr. Hatem says is strictly true. This certificate is acceptable even if causes any damage on the part of the issuer. Pls. forget never that an inspection cert. including a clause 'meat not fit for human consumption' was deemed acceptable by ICC since l/c did not clarify its content.Best regards...
by BlueHawk
Sat Nov 03, 2001 12:00 am
Forum: UCP 500
Topic: Two Queries on the B/L
Replies: 25
Views: 13325

Two Queries on the B/L

What a business! Hallo all from Turkey! A short answer: If an attachment to b/l does not bear any signature, stamp, chop etc. I would consider it as discrepant, it is so simple... Moreover, our local law is prohibiting that kind of attachment and if the desc. of goods is too long, I would insert to ...
by BlueHawk
Sat Nov 03, 2001 12:00 am
Forum: General
Topic: Company chop
Replies: 3
Views: 2894

Company chop

A short and clear answer: chop is acceptable as a signature, therefore when there is a chop on CMR there is no need for an extra signature and vice-versa. Regards. Cengizhan Kaptan cenkap@superonline.com Certifed Documentary Credits Specialist - Turkey
by BlueHawk
Sat Nov 03, 2001 12:00 am
Forum: UCP 500
Topic: the meaning of third party b/l in a credit
Replies: 2
Views: 1897

the meaning of third party b/l in a credit

Third party documents (not) acceptable, third party b/l (not) acceptable are superflous terms which intend that any party other than the bene of the credit would be consignor/shipper or issuer of dox. Apart from inv.s any party may issue any document, and it is appropriate to say 'the bene of the cr...