Many guarantee format still referred to URDG 458 , customer banks are afraid to change to URDG 758 to avoid refusal of their guarantees .
1 - Is URDG 458 still in use .
2 – can we get a brief compression between URDG 458 & URDG 758

Searh option on the site is not available any more. Please help

Hi Thanks for your valuable view:- I agree with your understanding about case no. 1, 3,4 and 5 Kindly comment about case no. 2 and 6 considering that Under Case no. 2, Port of loading is stated in Place of receipt field (as above) and under case no.6, shows a special notation in text of BL (as state...

Hypothetical Case LC Requires marine bill of lading for port to port shipment with shipment to be effected from Central port, Mars and Different sets of bills of lading presented with below observations:- . Case 1. PcV : PoR : Central Port, Mars V'l : MV-100 PoL: Central Port, Mars TOB: Received for...

Open account under a commercial letter of credit is a first for me.
Regards
Khalid

Jeremy,
I also struggle to understand how an IB can create a DP before presentation of documents. I certainly have no idea what is going on.
Regards
Khalid

Jeremy,
Thank you for your response. Sorry for the confusion. I also noticed subsequently that the description of goods is simply cited as an example of how the relationship to the underlying goods may be established. Hence I stand corrected that there is no conflict.
Regards
Khalid

I may be missing a point here but Para L4 (a) of ISBP seems to suggest that a certificate of origin should indicate a description of goods that corresponds to that in the credit or a description shown in general terms not in conflict with the goods description in the credit; this appears to be in co...

Jeremy,
Thanks for the clarification. So if I have understood correctly under an acceptance credit the issuer prior to creating an acceptance may reject the documents containing any sanctioned elements but may be prevented from claiming that right post acceptance. Regards Khalid

Glen/Daniel
Thanks for the clarification on reflection I agree that the documents are discrepant as article 31 B is not applicable.
Regards
Khalid