I WILL CONSIDER THE CREDIT NOTE AS AN ADDITIONAL DOC WHICH IS TO BE DISREGARDED.
PAYMENT WILL BE EFFECTED IN ACCORDANCE TO L/C TERMS AND CONDITIONS ONLY.
AND BOTH APPLICANT AND THE BENEF. HAVE TO SETTLE THIS ISSUE OUTSIDE THE L/C.

It simply depends on the design of the B/L:- 1-If it is designed for port to port shipment only , it would most probably state at the bottom write hand corner of the B/L the following pre-printed sentenc :-- " Shipped , in appearent good order and condition, on board the vessle". In this c...

When reading articles 15(a) and 15(b) again,you will find another strict phrase of the stipulation of the supporting statement :- Article 15(a) states "and in any event". Article 15(b) states "shall in any event". Both phrases can be easly interpretted that in the event of any si...

Article 15 paragraph (a) and (b) stipulating a specific text of supporting statement to be indicated in the demand itself or as separate signed document. Paragraph (c) emphasized that such required supprting statements can only be excluded by an exclusion term written in the guarantee or the C/G as ...

Supporting Statements GHADAB - Egypt Posted 28 Apr 15 | Edit | Delete Article 15 paragraph (a) and (b) stipulating a specific text of supporting statement to be indicated in the demand itself or as separate signed document. Paragraph (c) emphasized that such required supprting statements can only be...