amount versus amount

[KimChristensen]

Hi there. I hope that you can help me. I have a rather far out refusal, but all my arguments seems to be bouncing off. So I am looking for documentation, similar cases etc….

The case is, that under an LC an invoice for 25000,00 is presented. On this is fixed a label by an inspection company. This invoice mention the amount as 25000.00

Did you note the difference? In the fist a comma (,) is used to separate the dollars from the cents – while in the other a full stop (.) is used.

Anyone who can recommend good arguments / sources to quote from.

(Amazing how LC operations never stop to surprise

Thanks in advance.

Kim

[POLTERD.]

dear kim,
see if art.11 and art.19 of isbp helps you.
in my opinion is clear you are talking about same amount only that the dollars are separated by cents in 2 different ways.in my country we use the comma to separate them.in the usa they use the point.it is not the case of 2 different amounts but only of 2 different ways of typing (western style and eastern style).art.19 of isbp reflects similar problem but refering to dates. i think you may reject the discrepancy based on this reasons.
using point and comma to express same amount means usance of 2 different styles that do not affect in no way the value.
i asked everyone here to check for cases.if i shall find something i'll revert.
i wish you good luck and good news
bogdan

[NigelHolt]

Kim,

1. We recently had a well known Italian bank refuse documents because the credit included ‘(U.K.)’ in the beneficiary’s name and the documents presented, including the invoice, showed the name as ‘(UK)’. Dire standards in document examination are something we all have to put up with I am afraid.

2. I usually find there are few issuing banks that are prepared to-reconsider a discrepancy once raised, never mind how absurd it is and the arguments advanced by the nominated bank. Therefore I am not surprised your arguments are ‘bouncing off' and, irrespective of their validity, will no doubt continue to do so. If a person is of such limited intelligence or knowledge of the world that they could think that there could possibly be a difference between ‘25000.00’ and 25000,00’ I cannot imagine they would find any argument convincing.

3. I think now is the time to concentrate the issuing bank’s mind by getting external lawyers to write to them to say if they do not take up the documents you will sue them.

Sorry I cannot be more helpful. Have a good weekend.

Jeremy

[LeoCullen]

If following Bogdan's reasoning above of differing format/same amount two documents may be helpful to you:

- Docdex Decision No. 224 (Apparent contradictory punctuation on an invoice)

- ICC Opinion R210 (Indication in documents of a date in different formats)


In the advanced search look for "R210" and both the Opinion and the Decision are returned.

Another Docdex decision that may be worth a look is Decision 226
(Whether a difference in the draft between the amount in figures and the amount in letters was a discrepancy.)


Hope this is of some help....good luck!

[KimChristensen]

Dear Bogdan, Jeremy and Leo,

Thanks for your inputs. They have really been valuable.

Have a nice weekend.

Best regards
Kim

[NigelHolt]

Nice one Leo re Docdex Decision 224. Looks highly germane.

[RolandLeupi]

Did not know how to place this request !
The Forum has become very flat, shall this means that as a result of the ISBP and from the latest discussions no clarification at all is requested.
So we are so good that no change of the actual UCP should be made.
Roland

[KimChristensen]

Dear Roland,

“…we are so good that no change of the actual UCP should be made” - nice one

This is hardly the case. There may be many reasons why the activity in the forum is low right now. I will not make that guess, but what I will do is to open a new topic … so everyone is free to join, comment, disagree …

Best regards
Kim