LC With No Issue Date

lalith460 · Post by **lalith460** » Wed Oct 07, 2015 10:10 pm

Hi

We have received a LC with no LC issued date, but we received the LC on 23 Aug, however under field 47A there is a clause reading

THE NO.AND DATE OF THE CREDIT AND NAME OF OUR BANK MUST BE
QUOTED IN ALL DOCUMENTS.

Now bene has presented documents with date of issue in all documents as 22 Aug.

Kindly advice whether the above should me quoted as discrepancy.

Thanks and Regards
DLK

picant · Post by **picant** » Wed Oct 07, 2015 10:42 pm

Hi Pals,

many ICC opinions say that missing to quote l/c no. and other details is not a discrepancy, I know that even a Docdex decision n. 329 2013 re affirms such behavior.
Other comments appreciated
Ciao

SenthilSattur · Post by **SenthilSattur** » Thu Oct 08, 2015 4:34 pm

Hi,

If the L/C received by swift, MT700 date (sent date by issuing bank) will be considered as L/C issue date.

Senthil

CDCS2015 · Post by **CDCS2015** » Fri Oct 09, 2015 9:48 am

Yup, agree with SenthilSattur.

LC With No Issue Date

LC With No Issue Date

LC No and date