This is something I looked into years ago. I have not seen this discussed in years so I do not know if the practice still exists with carriers as the regulatory environment continues to evolve and change. A switch BL is intended to replace the first set of BLs issued. This was usually used where a s...

Did the signing agent indicate who they were agent for? If they signed as agent for the carrier, and the BL identifies the carrier, the BL complies with the sub article. If the signing agent failed to indicate who they are agent for, then the BL does not comply.

UCP600 Article 15 - When an issuing bank determines that a presentation is complying, it must honor. Article 2a- Honor means to pay at sight ....Article 14b banks have a maximum of five banking days...to determine if a presentation is complying... I am trying to understand your question. Once a sigh...

All terms and conditions must be complied with. All letters of credit must be read as a whole. The UCP must be read as a whole. That said, I agree with Khalid in that goods of Chinese origin is a term, not a condition. I have always viewed a condition is what is required. A term is a status in relat...

Thanks Jim. I checked and I do have the DCW Dec 1999 issue. Thanks again.
Bill

Jeremy, Thank you for your reply.
Bill

Does anyone know the publication numbers for the Uniform Customs and Practice for Documentary Credits published in 1933 and 1951?

I do not understand the discrepancy. The documents appear to comply unless there is more to the story. UCP article 27: Where the Credit calls for an actual date of dispatch, indicates a specific notation of such date, the date of dispatch so indicated on the air transport document will be deemed to ...

Incoterms relate to the contract of sale so it is between the buyer and seller. It follows the responsibilites fo the parties involved for the sale. If the seller is responsible for the delivery of the oil or gas through the pipeline to the point of destination, I would agree to Delivered Duty Unpai...

For freely negotiable LCs, we do not add any special clause. We do provide instructions for the forwarding of documents to us and ask that they be sent in one lot. But for confirmations, we would restrict presentation to the confirming bank counters and call for drafts on the confirming bank. We wou...