Good day My colleagues and I can't seem to agree whether or not the document was discrepant so I would like your opinion on the matter: LC STATES UNDER REQUIRED DOCUMENTS: ''INSURANCE TO BE COVERED BY APPLICANT. BENEFICIARY SHALL ADVISE TO ABC COMPANY WITHIN 7 WORKING DAYS FROM THE DATE OF SHIPMENT ...

We would like your opinion on the following: -LC STATES AS BENEFICIARY: ABC COMPANY -LICENSE SHOWS AS EXPORTER ABC COMPANY -CONTRACT SHOWS AS BEN ABC COMPANY AND IS SIGNED BY ABC COMPANY -UNDER REQUIRED DOCS: copy of the original commercial invoice signed by beneficiary for a value not exceeding the...

Mr. James My opinion is based on the information you provided. when reading your topic I immediately thought of article A17 of ISBP quote: "The fact that a document has a box, field or space for date to be inserted does not necessarily mean that such box, field or space is to be completed"...

thank you everyone for your response

Hello, I would like to have your opinion as to whether you would consider a bill of lading containing the following clause (on the front of the BL): 'No direct overside discharge or direct delivery' as discrepant or not. The LC did not indicate that such clause were not acceptable. The LC required t...

We would be curious to know how your bank treats non authenticated swift message (MT999) (article 9 f) a) How are they handled? Are they refused and the sender is asked to use a bank with which both sender and receiver have an agreement for transmitting/receiving authenticated message? b) If banks a...

I agree with your position. I would have the issuing bank amend the DC to read ''90 % of invoice value...'' instead of ''90 % of LC value...'' The term ''LC value'' as a different meaning than ''invoice value'' which would be more suited since partial shipment are allowed. I believe it is a case of ...

Thank you all for your input.
Regards

Dear Phan If you refer to the S.W.I.F.T. Message reference Guide, category 7, a MT754 ''is used to advise the Receiver that documents were presented in accordance with the credit terms and are being forwarded as instructed.'' I would therefore consider this MT754 as meaning conform documents were pr...

After your last comment I see that my understanding was correct. So I go back to my first comment and ask how do you make it available with the second bene's bank
by modifying 41d