Alleged discrepancy of short shipment by presenting bank

chungmingchang · Post by **chungmingchang** » Fri Jun 08, 2001 1:00 am

Our credit was issued for MYR21,400 covering 20 Metric tons of wire rods.
Partial shipment is prohibited & no additional tolerance is mentioned.

Bene's bank presented docs to us with an invoice for MYR21,070.44 covering
19.692 Metric tons. They listed it as a discrepancy underthe reason short shipment.

We are inclined to disagree as the alleged short shipment is within the tolerance of 5%.

We would appreciate if you could advise us.

Thanks!

larryBacon · Post by **larryBacon** » Fri Jun 08, 2001 1:00 am

Unless the L/C description specified individual units such as no. of wire rods or no. of packing cases etc, there is no discrepancy as per Article 39 b.

Laurence A. J. Bacon

PGauntlett · Post by **PGauntlett** » Fri Jun 08, 2001 1:00 am

Definitely not a discrepancy

T.O.Lee · Post by **T.O.Lee** » Sun Jun 10, 2001 1:00 am

UCP 500 Article 39 specifies that unless the quantity of the goods is represented by packing unit, there is a 5% tolerance for goods represented by weight or volume.

I am from www.tolee.com

[edited 1/28/02 8:42:29 PM]