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Invoice Not Issued By Beneficiary

Posted: Wed Dec 18, 2013 10:23 pm
by TradeLaporte
Dear members
Documents presented with invoice issued not by beneficiary , draft signed by beneficiary. Will the issue of the invoice cause a discrepancy? Thanks for your comments

Paragraph c2 isbp

Posted: Thu Dec 19, 2013 8:09 am
by vmduc
Unless the credit is a transferring L/C, the invoice issued by an entity other than the beneficiary will cause a discrepancy according to Paragraph C2 ISBP 745.

Invoice not issued by beneficiary

Posted: Thu Dec 19, 2013 12:04 pm
by mohiuddin
Please refer to sub-art. 18(a)(i) of UCP600: A commercial invoice must appear to have been issued by the beneficiary (except as provided in article 38);

If said DC issued under UCP600.


Mohiuddin