Address of Beneficiary under a standby

RashidHasan · Post by **RashidHasan** » Fri Sep 18, 2009 1:00 am

Under UCP600 Beneficiary Under letters of credit can present documents with a different address as long as it is within the same Country.

Under a standby, would a demand be regarded non-compliant if it this were to be the case?

JimBarnes · Post by **JimBarnes** » Sat Sep 19, 2009 1:00 am

Off the top, ISP98 Rules do not address beneficary address(es) and, unless the LC text provides otherwise, Rule 4.20 would permit no address and Rule 4.03 would permit "inconsistent" addresses.
Regards, Jim Barnes