Dear Mr. Shehab . Copy of the article was distributed during "The Annual Survey of Letter of Credit Law and Pratice" - conducted by The IIBLP in Singapore during the period 12-13 July 2001. The article does not specifically address the point raised by Mr. AbdulKader but sheds light on arti...

In front of me now I have an article by Dan Taylor titled "Examination of Documents, Waiver of Discrepancies and Notice Under UCP 500". It covers articles 13 and 14 and sheds light on the subject.

I think that if the condition is inserted at the time of issuance of credit, it will not violate the intentions of the UCP. Eventually in all cases the beneficiary will be pleased to have his documents taken up and paid for. If the beneficiary does not agree to the condition (for example if a commod...