ICC Digital Library Forum

1.LC states AWB should mention freigh amount, presented AWB shows total prepaid as 2,162 USD - Issuing bank pick the disp as AWB omits to show freight amount. cant we consider prepaid amount as an freight amount

2.Insurance documents shows claims payable in USD, presented Insurance cert issued in USD, issuing bank rejected the dox stating insurance dox omits to show claims payable in USD, is it a valid disp

If the prepaid amount on the AWB is not one way or the other linked to an indication "freight", it is not clear that relative amount represents freight amount. It might well be that the prepaid amount consists of various charges besides freight. Then the requirement of mention of freight amount on the AWB would not be fulfilled.

As to the insurance document, the currency in which the document is denominated does not necessarilly mean that claims will be paid in the same currency. So, if the credit requires the insurance document to state that claims are payable in a certain currency, this should be evidenced on the document.

Regards,

Rob Reissner

LC requirement : Insurance documents mention "claims payable in China", in the currency of Draft.

Presented Dox shows : "Claims payable in China", but did not mentioned in the currency of draft, but issued in the currency of the draft.

And Regarding freight amount to be there on AWB.

INCOTERM is CFR, If am not wrong, beneficiary will pay only freight amount , hence mentioning prepaid amount would be acceptable.