Our credit called for the following:-
1.Packing lists in 3 copies
2.Weight lists in 3 copies
Bene submitted 6 sets of docs titled Packing/Weight list.
Are docs in order?
Thank you for sharing.
Packing lists combined with weight lists
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gracehwang
- Posts: 6
- Joined: Fri Apr 05, 2019 5:19 pm
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larryBacon
- Posts: 689
- Joined: Fri Apr 05, 2019 5:26 pm
Packing lists combined with weight lists
The documents called for do not necessarily have to be identical to the title in the credit. Therefore a document titled Packing List/Weight List will suffice for either or both purposes. If all other conditions are met the documents presented are in order, even if they appear to be identical.
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SaltanatIztleuova
- Posts: 5
- Joined: Fri Apr 05, 2019 5:27 pm
Packing lists combined with weight lists
I don't have a big experience in a documentary business field, but according to our banking practice and based on the seminars, I consider that the documents are discrepant. If the credit calls for document titled as packing list or smth., then packing list should be presented only.
Packing lists combined with weight lists
DUAL PURPOSE DOCUMENTS ACCEPTABLE
Since banks accept a dual purpose document such as a 'Bill of Lading for Port-to-Port Shipment or Multimodal Transport Shipment", for consistency, they should also accept another dual purpose document "Packing/Weight List".
This is particularly so since a bill of lading is more important than a packing/weight list because it is normally a negotiable document of title that is relied upon as a collateral against the credit/risk extended/exposed by the issuing, confirming and/or negotiating bank.
DATA CONTENT RELATIVELY MORE IMPORTANT THAN TITLE
In examination of documents, emphasis is more on the DATA CONTENT than the TITLE of a document in comparison sense. Since we can accept a bill of lading "however named' in Article 23 of the UCP 500, then for consistency, we should also accept a less important dual purpose document "packing/weight list". A dual purpose document is nevertheless better than a "however named" document.
As to the question of which three copies are packing lists and which three copies are weight lists, the answer rests with their data content.
We are from http://www.tolee.com
[edited 9/27/02 11:29:04 PM]
Since banks accept a dual purpose document such as a 'Bill of Lading for Port-to-Port Shipment or Multimodal Transport Shipment", for consistency, they should also accept another dual purpose document "Packing/Weight List".
This is particularly so since a bill of lading is more important than a packing/weight list because it is normally a negotiable document of title that is relied upon as a collateral against the credit/risk extended/exposed by the issuing, confirming and/or negotiating bank.
DATA CONTENT RELATIVELY MORE IMPORTANT THAN TITLE
In examination of documents, emphasis is more on the DATA CONTENT than the TITLE of a document in comparison sense. Since we can accept a bill of lading "however named' in Article 23 of the UCP 500, then for consistency, we should also accept a less important dual purpose document "packing/weight list". A dual purpose document is nevertheless better than a "however named" document.
As to the question of which three copies are packing lists and which three copies are weight lists, the answer rests with their data content.
We are from http://www.tolee.com
[edited 9/27/02 11:29:04 PM]