PARTIAL SHIPMENT ALLOWED

[SRI]

HI
FRIENDS

A documentary credit which allows partial shipments has the following shipment schedule:
1,000 units shipped between 01 June XXXX and 30 June XXXX
2,000 units shipped between 01 July XXXX and 31 July XXXX
2,000 units shipped between 01 August XXXX and 31 August XXXX
3,000 units shipped between 01 September XXXX and 30 September XXXX

The beneficiary shipped the goods and presented documents as follows:

1. 1,000 units shipped on 15 June XXXX documents presented on 30 June XXXX
2. 3,000 units shipped on 15 July XXXX and presented on 28 July XXXX
3. 2,000 units shipped on 31 July XXXX and presented on 15 August XXXX
4. 3,000 units shipped on 15 September XXXX and presented on 30 September XXXX

Which of the above sets of documents are complying?
A 1 only.
B 3 only.
C 1 and 4 only.
D 1, 2 and 4 only.

Thanks
srinivas gorantla
india

[picant]

Hi Pal,

IMHO only 1: The l/c requires shipment as per given periods, the fact that the second one is not compliant , the l/c ceases to be available for that and any subsequent instalment. Art 32 UCP 600.
Other comments appreciated.
Ciao

[SRI]

Hi picant you are absolutely correct thanks