To everyone, thank you for your responses. However, to add something to the case, if you as a bank have a knowledge of the beneficiary's business, a general description of Hardwood Lumber, and 4/4 Walnut Sawn Timber would be the same?

Recently we had a case where the issuing bank picked up a discrepancy on the Insurance Cert. with the goods description. The Description of Goods under the Dc states: 4/4 Walnut No. 1 common Kiln Dried Sawn Timber. The Insurance Policy stated Hardwood Lumber. We disagreed citing Art. 37 C of UCP500....

Kim,

Thank you. However, upon further investigation there is a port in Canada so named.

Again, thank you for your assistance.

Bruce

The DC calls for loading/dispatch at/from "come by chance (Canada).
What would be acceptable per UCP? The beneficiary has presented a charter party (acceptable under the DC) showing port of discharge "come by chance (Canada)".

Can anyone provide me with some websites we can refer to, to check vessel information. Information we require to find out is current voyage, flag, latest reports, type, etc.

Thanks

Shipping documents were presented by the negotiating bank. Three full sets of documents covered under one draft. One of the sets had a shipping guarantee issued for the release of goods. The other two sets were not covered by the guarantee. The documents were presented with discrepancies. The applic...