Search found 15 matches

by MichaelFlanagan
Mon Jul 21, 2003 1:00 am
Forum: UCP 500
Topic: Issue date on B/L.
Replies: 19
Views: 11377

Issue date on B/L.

The issue here is that it is not a pre-printed Shipped on board bill of lading, i.e. the date that the goods have been loaded on board has been added. Essentially it is a Cosco Container Lines received for shipment bill of lading. Therefore clause 13 of ISBP would apply in this case.
by MichaelFlanagan
Fri May 16, 2003 1:00 am
Forum: UCP 500
Topic: Would not naming issuing bank as notify party on b/l constit
Replies: 6
Views: 4054

Would not naming issuing bank as notify party on b/l constit

L/C received calling for b/l's consigned to issuing bank and showing notify party as applicant and issuing bank. My question is that even though the bank was not named as a 'notify party' on the b/l standard practice would have the shipping company issue a notice of arrival to the named consignee, w...
by MichaelFlanagan
Mon Apr 14, 2003 1:00 am
Forum: General
Topic: Article 27(a)(iv)
Replies: 3
Views: 2105

Article 27(a)(iv)

L/c received from seoul sth korea.
port of loading Australian air port, port of discharge Korean air port. AWB presented with POL and POD exactly as per l/c. Should acutal port of loading and actual port of discharge be named on AWB .?
by MichaelFlanagan
Mon Mar 17, 2003 12:00 am
Forum: General
Topic: Article 24 URC 522
Replies: 1
Views: 1328

Article 24 URC 522

Collection has been received with no instructions to NOTE and/or PROTEST the bill. When the remitting bank has been advised that collection remains unpaid/unaccepted. The remitting bank has then instructed us to NOTE/PROTEST the bill. Our question: Is this acceptable as it appears to contradict the ...
by MichaelFlanagan
Thu Jan 02, 2003 12:00 am
Forum: General
Topic: Exclusion Clauses on Insurance Policies/Certificates
Replies: 5
Views: 3673

Exclusion Clauses on Insurance Policies/Certificates

QUESTION;

When a Credit calls for an Insurance document covering ALL RISKS, is an Insurance document covering Institute Cargo Clauses ‘A’ acceptable? And if so, would any exclusion clauses render the document discrepant.

Your comments appreciated.
by MichaelFlanagan
Mon Dec 16, 2002 12:00 am
Forum: General
Topic: Transferable documents on Approval
Replies: 4
Views: 2864

Transferable documents on Approval

We are acting as an Advising/Transferring Bank. Discrepant documents have been presented by the Second Beneficiary’s Bankers. Our customer (First Beneficiary) wishes to substitute documents and forward to the Issuing Bank on an Approval basis. Discrepancy notice has been sent to the Second Beneficia...
by MichaelFlanagan
Wed Nov 13, 2002 12:00 am
Forum: UCP 500
Topic: Artircle 27 a ii - Air Transport document
Replies: 6
Views: 4051

Artircle 27 a ii - Air Transport document

Can anyone please share their opinion on this article. An AWB was presented to us with this notation "Carrier certifies goods described herein where received for carriage subject to the conditions on the reverse hereof, the goods being in apparrent good order and condition except as noted hereo...
by MichaelFlanagan
Wed Nov 13, 2002 12:00 am
Forum: UCP 500
Topic: Beneficiary Certificate
Replies: 3
Views: 2545

Beneficiary Certificate

Does Beneficiary Certificate needs to be signed, eventhough it is not stipulated on the L/C?
by MichaelFlanagan
Tue Sep 17, 2002 1:00 am
Forum: General
Topic: Authentication of a correction on a B/L
Replies: 4
Views: 3017

Authentication of a correction on a B/L

We refer to Opinion R.344 of ICC Publication no. 613 which reads 'An authentication to an alteration on a bill of lading may be made by any agent of the carrier/ master without limitation as to whether that party signed the bill of lading and/or authenticated any other alteration within that documen...
by MichaelFlanagan
Thu Aug 29, 2002 1:00 am
Forum: General
Topic: Transferable credits
Replies: 6
Views: 3805

Transferable credits

A QUESTION HAS BEEN RAISED IN REGARD TO PLACE OF EXPIRY FOR TRANSFERABLE CREDITS. IN THE UCP 500 ARTICLE 48H WE ARE ALLOWED TO REDUCE OR CURTAIL THE EXPIRY DATE. DOES THIS ALSO RELATE TO CHANGING THE PLACE OF EXPIRY? I.E., IN SWIFT MT700 ETC., THE EXPIRY DATE FIELD INCORPORATES PLACE OF EXPIRY. IS T...