Thanks Jeremy & Kim Correct me if I am wrong ,for ambiguity I am actually referring to the Credit, since it only mentioned as CIF , it is the applicant responsibility to ensure the Incoterm ie. in this case referring to 2000 or 1990 which is embedded in the sales contract mentioned correctly in ...

Hi Vijaya ,

No offend we are sharing our views and thanks for the feedback .

Cheers

Hi Vijaya, I totally disagree with you as what you hv mentioned is not practical at all if you still consider LC as a mechanism of payment. Yes bank does not need to determine whether info presented as addtional or not but as what Jermay has mentioned so long that it appears on it's face complies wi...

Hi Jeremy ,
I totally agree with you as credit by nature are separate transactions from sales contract . Applicant's bears risk of any ambiguity in its instructions as per ISBP Para 2 .
Hence it should not be a discrepany.
Thanks Jeremy !

Well guys we hv a case whereby a particular bank in China interpreted 2 fold as 1 original + 1 copy stating this as an authorisation as per UCP 500 Art 34b . Would all of you agree with this as per say UCP 500 Art 20c definition of 2 fold particularly for an insurance docs

In connection with this paragraph would you accept an invoice showing CIF Inocterm 2000 whereas Credit does not metioned specifically CIF Incoterm 1990 or 2000 but only mentioned CIF .

With reference to UCP 500 Art 20c & UCP 500 Art 34 b .
LC calling for Insurance in 2 fold , however presented 1 original + 1 copy insurance certificate and meanwhile insurance certificate indicating 2 original issued .
Would this be considered as a discrepancy ?

Hi Bruce ,

You may also find from seasearcher.com .

Cheers

Can beneficiary issue BL and act as Carrier as well ? LC just merely calling for an Ocean BL . Is there anywhere that states beneficiary cannot act as Carrier or issue a BL ?

The trade term is CFR .Thanks Laurence & Jeremy for the tic-tac lesson.