CCVO

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CCVO

Postby yangkenn - on Thu Apr 08, 2010 9:41 pm

Dear all,

Please give your kindly suggestion.

DC 47A stipulate: CCVO FORM C 16 IN TWO ORIGINAL.

Confirming bank raise discrepancy as: CCVO not include witness column as Nigerian's clause.

It's not reasonable. the CCVO FORM C 16 is provided by our Nigerian's client which do not include witness column.

is any opinion for argue with Confirming bank?

many thanks!

kenn

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CCVO

Postby mia vervacke - on Fri Apr 09, 2010 3:03 am

Does the l/c mention some additional requirements for the CCVO or additional clauses for Nigeria?

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question

Postby yangkenn - on Sat Apr 10, 2010 11:43 am

mia vervacke wrote:Does the l/c mention some additional requirements for the CCVO or additional clauses for Nigeria?


dear mia:

no other condition concern with CCVO in LC clause, but it stipulate FORM C16, do you think does UCP600 Article14 f apply?

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CCVO

Postby mia vervacke - on Sat Apr 10, 2010 9:52 pm

Yes Indeed, art. 14 f of UCP600 should be applicable.

Almost all banks from Nigeria do add an additional condition stating how the CCVO should be issued.

for example:
The combined certificate of value and origin (form C16) signed and WITNESSED must contain the following details: form 'M' no, description of goods, port of destination in Nigeria (same as in field 45A), port of loading, B/L number/vessel or voyage number/shipping marks, frieght cost, applicant's name, address and contacts, beneficiary's name, address and contacts, beneficiary's name, address and contacts, date of shipment, country of origin and country of supply, the unit prices, FOB, freight cost and CFR values should be stated separately.

If the l/c doesn't state that CCVO should be WITNESSED confirming bank can not refuse on it.

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thanks

Postby yangkenn - on Sun Apr 11, 2010 10:27 am

Dear mia,

thanks for your kindly explaination.

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CCVO form

Postby teetran - on Fri Jun 03, 2011 9:23 am

Please kindly advise whether you have a sample of CCVO form C16 nigeria. I am working on it but do not understand the process. Please help

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can't reject

Postby Lordster - on Wed Jul 20, 2011 2:29 am

I agree with Mia.

If the L/C does not specify that the CCVO needs to be witnessed, then it cannot be rejected for this.

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CCVO

Postby Ashish Sethiya - on Fri Jul 29, 2011 12:48 pm

Dear Member

May i have detail requirement of CCVO FORM alongwith mandatory column according to Nigerian custom authority.
Would you please send us sample filled form.

Thanks :)

ashish.sethiya1984@gmail.com
ashish Sethiya

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