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Address of Beneficiary under a standby

Posted: Fri Sep 18, 2009 1:00 am
by RashidHasan
Under UCP600 Beneficiary Under letters of credit can present documents with a different address as long as it is within the same Country.

Under a standby, would a demand be regarded non-compliant if it this were to be the case?

Address of Beneficiary under a standby

Posted: Sat Sep 19, 2009 1:00 am
by JimBarnes
Off the top, ISP98 Rules do not address beneficary address(es) and, unless the LC text provides otherwise, Rule 4.20 would permit no address and Rule 4.03 would permit "inconsistent" addresses.
Regards, Jim Barnes