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Incoterm
Posted: Thu Aug 01, 2013 1:00 am
by GPadhi
Letter of Credit issued in June 2013 is silent with regard to the Incoterm. Beneficiary Presented invoice showing Incoterms FOB 1990. In my opinion above is not a discrepancy as LC is silent on the Incoterms. Any comments from the members
Incoterm
Posted: Fri Aug 16, 2013 1:00 am
by _HugoVerschoren_
Of course, no discrepancy.
If LC is silent, you can use anything. Even no incoterm at all.
Incoterm
Posted: Fri Aug 16, 2013 1:00 am
by GlennRansier_olsABN
Agree. Not a discrepancy. Further Incoterms are sep. from LC's and UCP states that a credit is sep. from any underlying contract on which it may be based.