PARA 61

International Standard Banking Practice
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asamaha
Posts: 197
Joined: Fri Apr 05, 2019 5:16 pm

PARA 61

Post by asamaha » Thu Nov 10, 2011 12:00 am

LC covers goods without stating any price or trade term.

The invoice presented includes charges like insurance, VAT, interest, customs, inspection fees, LC charges ... in addition to the value of the goods.

Is this a discrepancy?

Regards
Antoine
DanielD
Posts: 538
Joined: Fri Apr 05, 2019 5:16 pm

PARA 61

Post by DanielD » Thu Nov 10, 2011 12:00 am

In my opinion: no
The credit should have been more specific

Daniel
GSham
Posts: 113
Joined: Fri Apr 05, 2019 5:18 pm

PARA 61

Post by GSham » Thu Nov 10, 2011 12:00 am

Whoever wants to treat it as discrepant needs to provide justification under UCP ...
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