Paragraph 184 - Consignee on C/O

PhanThanhNhan · Post by **PhanThanhNhan** » Thu Jan 28, 2010 12:00 am

I'm wondering about the meaning of the phrase "another party named therein" in this context, whether it can be any entity/party which is not mentioned elsewhere in the L/C, or it must be the party which is clearly indicated in the L/C.
Thanks so much for all of your comments!

"184. Consignee information, if shown, must not be in conflict with the consignee information in the transport document. However, if a credit requires a transport document to be issued "to order", "to the order of shipper", "to order of the issuing bank" or "consigned to the issuing bank", the certificate of origin may show the applicant of the credit, or another party named therein, as consignee."

JLee · Post by **JLee** » Fri Jan 29, 2010 12:00 am

Hi there, the phrase means "another party named therein the credit as the consignee in the certificate of origin". So, it cannot be any party (e.g. shipping company, insurance company, inspector, manufacturer, etc.) named in the credit.
Jack Chan

PhanThanhNhan · Post by **PhanThanhNhan** » Fri Jan 29, 2010 12:00 am

Thanks for your advice, Mr.Jack Chan.
.
But does your answer mean that this "another party" must be clearly stipulated/required in L/C, not any involved party in the L/C?

GlennRansier_ · Post by **GlennRansier_** » Fri Jan 29, 2010 12:00 am

The C/O consignee must make logical sense to the individual LC and must be a known LC party. When a transport document must be consigned to bank it is still acceptable to have the C/O name the buyer as the consignee. While this simple requirement and is easily accommodated, there will be a challenge for back-to-back LC's.