Search found 3 matches

by TudorTaslaoanu
Thu Apr 13, 2017 1:00 am
Forum: UCP 600
Topic: Bill of lading with clause No direct overside discharge or d
Replies: 4
Views: 5069

Bill of lading with clause No direct overside discharge or d

Strictly speaking this is not a discrepancy. The clause refers to the charter-party contract and not to the provisions of the l/c. You should look at the delivery terms to see if such clause may generate additional costs for the Buyer or not. But that would be an issue of commercial nature to be set...
by TudorTaslaoanu
Fri Feb 21, 2014 12:00 am
Forum: UCP 600
Topic: An integral part of the L/C
Replies: 8
Views: 6361

An integral part of the L/C

There are several reasons of concern when such clauses are included in an L/C: 1. the nominated bank should not formally advise the L/C to the Beneficiary before actually receipt of the signature specimen; 2. the nominated bank cannot be hold resposible for authentication of third party's signatures...
by TudorTaslaoanu
Fri Jan 07, 2011 12:00 am
Forum: URDG 758
Topic: art.25b - Cancellation of guarantee
Replies: 3
Views: 3510

art.25b - Cancellation of guarantee

I would like to have yr. comments in respect of provisions of art. 25biii , namely whether cancellation of guarantee within its period of validity (until expiry date) is subject to the presentation of beneficiary statement of release, irrespective that the original document has been returned by inst...