Applicant/Beneficiary name does not mention legal status/legal form

[DarkKnight]

Dear Experts,

Greetings.

LC mentions the name of the Beneficiary/Applicant as Universal Exports Ltd.

Can the ommission of the legal form/legal status "Ltd." in the name of either of the partys be considered a discrepancy???

I have come across ICC Opinion TA857rev, however, it doesnt clarify much.

Kind Regards,
Saif

[picant]

Hi Pal,

probably you refer to opinion TA875rev where it is written that the fact that the invoice indicates, as part of the beneficiary details, a company legal form in addition to that indicated in the credit, does not in itself create a discrepancy, in particularly as both legal forms have the same meaning(NV-SA)
IMHO, this has been interpreted as the beneficiary's name is apart its legal status.
Other comments appreciated
Ciao

[picant]

Hi Pal,

following my post I found a mote concerning the omission of STE'(societe) in the name of beneficiary, Casas Studies on Documentary Credits, case no.130, page 112, ICC Publication no 459/400 1989.
I asked my friend about the original post, in case of receipt I will insert it, here.
Ciao

[DarkKnight]

Hello Picant...

Would appreciate that