Query on installment shipments
Posted: Tue Apr 14, 2009 10:44 pm
Hi,
LC prohibits partial shipment. As per the l/c full value of goods shipped and docs were presented to the issuing bank thr' a nominated bank. Later, the l/c amount and quantity of goods increased by an amendment. Two Shipment schedules are given for the increased quantity of goods only in the amendment, not in the l/c.
Question is, if next set of docs were presented, do the doc checker has to quote a discrepancy 'partial shipment effected'? Is it a valid one? is the partial shipment not to be effected within the shipment schedules?
Your views are welcome.
ALL THE VERY BEST TO ALL FOR THE CDCS EXAM!!!
RGDS,
VJ
LC prohibits partial shipment. As per the l/c full value of goods shipped and docs were presented to the issuing bank thr' a nominated bank. Later, the l/c amount and quantity of goods increased by an amendment. Two Shipment schedules are given for the increased quantity of goods only in the amendment, not in the l/c.
Question is, if next set of docs were presented, do the doc checker has to quote a discrepancy 'partial shipment effected'? Is it a valid one? is the partial shipment not to be effected within the shipment schedules?
Your views are welcome.
ALL THE VERY BEST TO ALL FOR THE CDCS EXAM!!!
RGDS,
VJ