Mr. T.O. Lee Thank you for your kind offer, which I shall definitely keep in mind for future cases. Presently we do not have any litigation cases in hand. The question was posed in view of the special status of Hong Kong being part of China but enjoying special autonomy status. Under Art 2, branches...

Credit required, among other documents, a marine insurance policy endorsed in blank for the invoice value plus 10% covering all risks. How would the insured amount be computed in the following cases: - 1.Under additional conditions, it is stipulated that 'Signed commercial invoice evidencing 5% dedu...

I would be grateful if someone could advise as to whether one could seek redress from the default of a Hong Kong branch of a Chinese Bank
by bringing on an action against the HO located in China.

Are branches of the bank in HK & China considered the same?

Thanks!

Credit covered goods to be shipped in 2 instalments.

First shipment was short-shipped but applicant accepted discrepancy.

Is the LC still available for the second shipment or does it require reinstatement?

Thank you for your comments.

Under Documents Required in a credit, the following was noted: - 'Should any changes occur regarding details of goods & all documents requirements (except invoices), applicant shall from time to time inform beneficiary by fax on each individual shipment through fax no. 089-123456. In such cases,...

Credit called for a Certificate of Inspection by the appointed surveyor, Mr H.C. Choi holding Indonesian Passport No. H1234567. Inspection certificate presented is issued/signed by a Mr Heng Chun Choi. Under his signature, the words 'Passport No. H1234567 Indonesia' is typed. Is the cert acceptable?

One of the additional conditions states 'Shipment to be made per The Institute Classification Clause for vessel type & age as defined in list of vessels per fax ref no. RM123456 (except J Prosper).

Could we treat it as a non-documentary condition?

Credit issued by a major French bank in Hong Kong has the following description in Field 45 A:- Keranji Prefinished Floor Strips FOB Port Klang 1. T & G End-matched with bevel on 4 sides 2. Product:14 MM(T) X90MM(W)X600/900MM(L) 3. Inspection Plan: 3.1 Bending: 600MM -Not to exceed 2MM 900MM -No...

Credit issued by a foreign bank required among others the following docs:- 1.Fumigation certificate in duplicate issued by laboratory acceptable to the AQIS 2.Packing declaration in duplicate according to AQIS Standards 3.Inspection certificate issued & signed by the authorised signatory of appl...

Credit by issuing bank has the following goods description 'as per beneficiary's contract no. 1234 dated xxxxxx.' No further details on the goods are given in the LC. Invoices presented quoted the credit description 'as per beneficiary's contract...xxxxx.'There is a further description of goods as F...