Partial or Short shipment

asamaha · Post by **asamaha** » Fri Jun 20, 2014 1:00 am

Documents covering a partial shipment are presented and accepted under a L/C that prohibits partial shipments.

Would you consider their acceptance by the applicant despite this discrepancy as an amendment to the credit allowing other partial shipments presentations?

Antoine Samaha
Regards

HOANGTHIANHTHU_invalid · Post by **HOANGTHIANHTHU_invalid** » Sun Jun 22, 2014 1:00 am

Hi,

I don't think so. The fact that a bank accepts a presentation containing discrepanc(ies), with or without an applicant waiver, does not bind that bank to accept subsequent presentations containing a similar discrepanc(ies). Please refer to ICC Opinion R332, which states the same.

The beneficiary should ask for an amendment allowing partial shipments or at least a message from the issuing bank confirming that further shipments of the remaining goods is acceptable or words of similar effect.

Kind regards,
N.H.Duc

[edited 6/22/2014 1:26:58 PM]

asamaha · Post by **asamaha** » Mon Jun 23, 2014 1:00 am

This means that the LC ceases to be available for the remaining balance.

Regards
Antoine