CDCS 2018

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Reetika
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CDCS 2018

by Reetika » Mon Jan 15, 2018 4:50 pm

Hi All CDCS Aspirants for CDCS-2018 lets discuss under following thread.
Topics for Study
No of Hours to be spent
Probable questions
Any Suggestions

Please mention your overall experience in Trade Finance

I request seniors to provide their valuable inputs

Thanks
Reetika

Reetika
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Re: CDCS 2018

by Reetika » Tue Jan 16, 2018 11:28 pm

Transshipment

Q-1)The B/L shows the following details (Port of Loading as per LC is Mumbai):
Pre carriage:Vessel X Place of Receipt:Kolkata
Ocean Vessel:Vessel Y Place of Loading:Mumbai
Port of Discharge:Rotterdam
Shipped on Board notation is as under:
Shipped on board 12.12.09 on vessel Y at Mumbai Port
Will you consider the above as a case of transshipment?
a)yes
b)no

cristiand969
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Re: CDCS 2018

by cristiand969 » Wed Jan 17, 2018 1:09 pm

NO! see art.20b. It will be considerered a transhipment , in view of UCP600, only if it occurs between the Port of loading and the port of discharge.

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Re: CDCS 2018

by Reetika » Wed Jan 17, 2018 6:30 pm

cristiand969 wrote:
Wed Jan 17, 2018 1:09 pm
NO! see art.20b. It will be considerered a transhipment , in view of UCP600, only if it occurs between the Port of loading and the port of discharge.
Thanks

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Re: CDCS 2018

by cristiand969 » Wed Jan 17, 2018 6:40 pm

it must be also noted that when goods are shipped in containers, even if place of loading stated in L/C is Kolkata, this would not count as a transhipment (see also art 20 c ii)

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Re: CDCS 2018

by Reetika » Thu Jan 18, 2018 6:14 pm

:-? Noted
cristiand969 wrote:
Wed Jan 17, 2018 6:40 pm
it must be also noted that when goods are shipped in containers, even if place of loading stated in L/C is Kolkata, this would not count as a transhipment (see also art 20 c ii)

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Re: CDCS 2018

by gondem » Thu Jan 18, 2018 9:04 pm

Dears,

'Article 20 c ii' is also valid for the flexibag containers?

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Re: CDCS 2018

by rezwan » Sat Jan 20, 2018 2:03 pm

No.As per Article 20 (b) of UCPDC-600.
"For the purpose of this article, transshipment means unloading from one vessel and reloading to another vessel
during the carriage from the port of loading to the port of discharge stated in the credit".

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Re: CDCS 2018

by Reetika » Sun Jan 21, 2018 7:39 pm

Can anyone please provide soft copy of UCP600,ISBP745,URR 725,ISP 98 and eUCP.

Thanks in advance

Reetika

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Re: CDCS 2018

by Fajar » Mon Jan 22, 2018 11:21 am

The answer is no, see ucp art 20

I have the following question :

Bill of lading is preprinted "received from shipper...",
Place of receipt and port of loading ia Jakarta
Date of issue : 15 Januari 2018
BL showing statement "shipper on board" without adding place, vessel, and date

Is it discrepancy?

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Re: CDCS 2018

by Reetika » Thu Jan 25, 2018 6:32 pm

This is not a discrepancy as B/L evidences Place of receipt and Port of Loading,Shipped on Board Date.This is an example of Multimodal Transport Document.

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Re: CDCS 2018

by picant » Thu Jan 25, 2018 8:52 pm

Hi Pals,

Latest by Fajar and Reetika:
If b/l Received for shipment the on board notation must be dated (ISBP 745 E 6 b. ii (b).
Ciao

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Re: CDCS 2018

by Reetika » Thu Jan 25, 2018 9:00 pm

picant wrote:
Thu Jan 25, 2018 8:52 pm
Hi Pals,

Latest by Fajar and Reetika:
If b/l Received for shipment the on board notation must be dated (ISBP 745 E 6 b. ii (b).
Ciao
I agree and I have mentioned the same Dated Shipped on Board Notation

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Re: CDCS 2018

by Reetika » Mon Jan 29, 2018 7:32 pm

Q4)Extract from a LC:
Shipment:From any Indian Airport to Chinese Port
Documents:Full set of airway bills consigned to order of ABC Ltd evidencing the flight number.
Transshipments :Not allowed
Which of the following documents are ACCEPTABLE under this LC?
I.Full set airway bill showing shipment from Chennai to Chinese airport,consigned to ABC Ltd on Flight No 172
II.House airway bill showing shipment from Chennai to Shanghai consigned to ABC Ltd on Flight no 172
III.Airway bill showing Shipment from Chennai to Shanghai,consigned to order of ABC Ltd starting Flight No.172 in “Requested Flight”box
IV.Airway bill marked “Original for shipper”showing from Chennai to Beijing,consigned to ABC Ltd on Flight No 171 from MAA to SIN and Flight No.173 from SIN to PEK-Beijing(i.e.using IATA codes)

Options:
A.I and II
B.II and III
C.IV only
D.I and IV

Please explain

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Re: CDCS 2018

by picant » Tue Jan 30, 2018 12:24 am

Hi Pals,

IMHO, the only answer is D, considering art 23 UCP 600 a iv and v + c i than ISBP745 H13 a and H17.
my doubts if evidencing the flight number corresponds to ask for the actual flight number (and date)
other comments appreciated
Ciao

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Re: CDCS 2018

by Reetika » Fri Feb 09, 2018 7:48 am

Hi Friends,
Who all are appearing for CDCS this year?

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Re: CDCS 2018

by Reetika » Mon Feb 12, 2018 9:16 am

Q1)which one of the following is not an exclusion or modification of UCP article?
a) partial shipment prohibited
b) documents to be presented within 14 days after shipment date
c) documents must reach Issuing bank irrespective of L/C available with nominated bank within L/C expiry
d) documents issued prior to L/C issue date acceptable

Q2) port of discharge : final destination

L/C calls for port to port B/L.
44e: Amsterdam
44f: Shanghai

B/L shows port of discharge as Hong Kong and place of final delivery as Shanghai.

is the above B/L discrepant? if yes, please suggest how to correct the discrepancy.

if not discrepant, why it is not?

Q3)
44e : new delhi
44f : Amsterdam

L/C calls for port to port B/L.

question: can you apply article 20 of UCP 600?

Q4) L/C calls for full set clean onboard B/L marked freight prepaid consigned to order and blank endorsed, notify applicant.

B/L signed as below -
ABC co ltd as agent for DEF co ltd charterer

is this signing acceptable? if yes - why? if no - why?

Q5) L/C prohibits partial shipment.
44e : any European port
44f : any Indian port

three sets of B/L presented.

B/L no.1 with onboard date 02Dec, port of loading Amsterdam. vessel: Glory. port of discharge : Mumbai
B/L no.1 with onboard date 02Dec, port of loading Rotterdam. vessel: Glory. port of discharge :Kochi

B/L no.2 with onboard date 01Dec, port of loading Amsterdam. vessel: Glory. port of discharge : Kochi

question : is it partial shipment? if yes - why? if no - which date should be taken for calculation of presentation period and for calculating maturity date?

Please explain

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Re: CDCS 2018

by nhungth306 » Sat Feb 24, 2018 3:30 pm

Reetika wrote:
Fri Feb 09, 2018 7:48 am
Hi Friends,
Who all are appearing for CDCS this year?
Me for this April, and you?

Reetika
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Re: CDCS 2018

by Reetika » Thu Mar 01, 2018 3:20 pm

nhungth306 wrote:
Sat Feb 24, 2018 3:30 pm
Reetika wrote:
Fri Feb 09, 2018 7:48 am
Hi Friends,
Who all are appearing for CDCS this year?
Me for this April, and you?
Me too

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Re: CDCS 2018

by aemrek » Tue Mar 06, 2018 5:00 am

Me too

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Re: CDCS 2018

by anhphuoc892 » Tue Mar 06, 2018 3:13 pm

Reetika wrote:
Mon Feb 12, 2018 9:16 am
Q1)which one of the following is not an exclusion or modification of UCP article?
a) partial shipment prohibited
b) documents to be presented within 14 days after shipment date
c) documents must reach Issuing bank irrespective of L/C available with nominated bank within L/C expiry
d) documents issued prior to L/C issue date acceptable

Q2) port of discharge : final destination

L/C calls for port to port B/L.
44e: Amsterdam
44f: Shanghai

B/L shows port of discharge as Hong Kong and place of final delivery as Shanghai.

is the above B/L discrepant? if yes, please suggest how to correct the discrepancy.

if not discrepant, why it is not?

Q3)
44e : new delhi
44f : Amsterdam

L/C calls for port to port B/L.

question: can you apply article 20 of UCP 600?

Q4) L/C calls for full set clean onboard B/L marked freight prepaid consigned to order and blank endorsed, notify applicant.

B/L signed as below -
ABC co ltd as agent for DEF co ltd charterer

is this signing acceptable? if yes - why? if no - why?

Q5) L/C prohibits partial shipment.
44e : any European port
44f : any Indian port

three sets of B/L presented.

B/L no.1 with onboard date 02Dec, port of loading Amsterdam. vessel: Glory. port of discharge : Mumbai
B/L no.1 with onboard date 02Dec, port of loading Rotterdam. vessel: Glory. port of discharge :Kochi
B/L no.2 with onboard date 01Dec, port of loading Amsterdam. vessel: Glory. port of discharge : Kochi

question : is it partial shipment? if yes - why? if no - which date should be taken for calculation of presentation period and for calculating maturity date?

Please explain
There are my answers:
Q.1>C
Q.2> yes. Port of Discharge is different 44F in LC
Correct: Amend LC, 44F to 44A

or 44F: shanghai to 44F: Hong Kong,
add 44A: Shanghai

Or add 47A clause : B/L showing port of discharge: Hong Kong is acceptable.

Q.3> yes.

Q.4> No. if the B/L subject is only "Bill of lading", you can raise the discrepancy "B/L did not show the carrier name or master." - as per article 20 UCP 600.
Yes. If the B/L subject shows Charter party bill of lading, the signature above is acceptable as per Article 21 UCP 600
.
Q.5> it is partial shipment. the port of discharge of B.L no.1 (Mumbai) is different from Port of discharge of B.L no. 1 (Kochi). - Article 31B UCP 600.
If B/L no.1 ,2 ,3 have same port of discharge, it is not partial shipment. and the latest date of shipment of 1 of 3 B/Ls will be taken for calculation of presentation period (02 Dec).

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Re: CDCS 2018

by Vannhm86 » Tue Mar 27, 2018 8:30 pm

Reetika wrote:
Fri Feb 09, 2018 7:48 am
Hi Friends,
Who all are appearing for CDCS this year?
I am attending too. I want to practise test about ISP98, standby LCs but don't have any materials to test. Anyone have?

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