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Dear Friends,

In LC the Notify party states Maruti Global Ltd
and by mistake have accepted in BL Notify party as Maruti Global Limited.

Is this OK for presentation in Bank or will be a discrepancy?

Request expert comments from members of the forum.

Best Regards
Anant Sharma

Dear Anant,

'Limited' is just full form of 'Ltd'. so i think it won't be discrepancy.

regards
mandeep

Dear Anantsharma

Refer isbp 745 para A1 its not a discrepancy .

As per ISBP:
GENERAL PRINCIPLES
Abbreviations
6) The use of generally accepted abbreviations, for example “Ltd.” instead of “Limited”,
“Int’l” instead of “International”, “Co.” instead of “Company”, “kgs” or “kos.” instead
of “kilos”, “Ind” instead of “Industry”, “mfr” instead of “manufacturer” or “mt”
instead of “metric tons” – or vice versa – does not make a document discrepant.

UCP 600 : Article 14 : Standard for Examination of Documents
j. When the addresses of the beneficiary and the applicant appear in any stipulated document, they need
not be the same as those stated in the credit or in any other stipulated document, but must be within the
same country as the respective addresses mentioned in the credit. Contact details (telefax, telephone, email
and the like) stated as part of the beneficiary's and the applicant's address will be disregarded. However,
when the address and contact details of the applicant appear as part of the consignee or notify party details
on a transport document subject to articles 19, 20, 21, 22, 23, 24 or 25, they must be as stated in the
credit.

Hence the discrepancy is not valid