under a credit calling for shipment from ukrain to iran, bene is based in UAE. among the documents called for an inspection certificate issued by SGS is required. the inspection cert. issued by SGS dubai is presented, which quotes the finding of thier ukrain office. (certification complies with the ...

If I remember correctly a green clause credit in addition to the advance covered in the red clause l/c also requests for warehousing of the goods.

The answer to the question lies in art 21.of ucp,that all documents other than transport docs,insurance docs & commercial invoices should stipulate the issuer & data content of the document called for, if the credit does not do so docs will be accepted as tendered.

Mere receipt of the original B/L does not entitled the issuing bank to release the goods to the applicant, unless the terms of the credit specifically allow it to do so. however, prudence demand that the bene should question the applicant's intention for having such a stipulation in the credit.

This is a similar situation to an "inchoate" instrument i.e an instrument which is signed by the drawer but is left blank/incomplete in respect of other details. the negotiable instrument act, recognises that completion of the blank/incomplete details in such a situation would be similar t...

sub art 20d suggests that any requirement of authentication,validation,legalisation, etc will be satisfied by any signature,mark, stamp or label on such document that on its face appears to satisfy the above condition. to my mind the phrase "on its face" suggests the necessity of some word...

Our local chamber of commerce certifies/attest documents by affixing their common seal without the words to the effect suggesting certification/attestation. This is contrary to the provisions of Sub Art 20(d) and invariably comes up as a discrepancy. Most local bankers feel that this can be defended...