PL shows beneficiary as buyer

melissachin · Post by **melissachin** » Mon Aug 06, 2001 1:00 am

As issuing bank we received a Packing List issued by a third party (presumably the ultimate supplier) with details of the beneficiary named therein as the Buyer & our applicant as the Notify Party.

As we are unaware of the nature of the transaction (perhaps a B-B) we are inclined to raise it as a discrepancy since the info we have is our applicant should be the Buyer & the beneficiary should be the supplier.

Would it be reasonable to treat it as a discrepancy?

T.O.Lee · Post by **T.O.Lee** » Mon Aug 06, 2001 1:00 am

The enquirer Ms. Chin from Malaysia has forgotten to disclose whether the DC has been transferred or a back-to-back DC has been arranged. Without such information it is not appropriate to give any comment.

Otherwise, an answer is only as good as the query itself.

We are from http://www.tolee.com

[edited 9/27/02 11:30:26 PM]

larryBacon · Post by **larryBacon** » Tue Aug 07, 2001 1:00 am

Unless the L/C nominates the party to issue the Packing list, issue by a third party is not a discrepancy.

If the P/L makes reference to a buyer etc which differs from other documents, then there is a discrepancy due to inconsistency.

It should be noted that, unless called for in the L/C, the P/L does not have to show details of the buyer.

melissachin · Post by **melissachin** » Tue Aug 07, 2001 1:00 am

In response to Mr Lee's query & to rephrase my second para, we as issuing bank are unaware as to whether there is a back-back LC effected by another bank.

As far as we are concerned we did not issue a trf LC.

Having said that I believe Mr Laurence Bacon has answered the query so my thanks to both of you.