dear sir,
i need you help on this issue. is it compulsory for a certificate of origin to show the goods shipped under a letter of credit. can a certificate of origin show more goods than has actually been shipped. i mean if there is 20 ton of coal to be shipped in an credit and only ten ton has been shipped as per bill of lading and invoice while certificate of origin shows 20 tons of coal, will it be acceptable?
in another case, if the credit calls for a 10 tons of coal while certificate or origin shows 20 tons of coal, will it be acceptable?
description of goods on certificate of origin
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Navi
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Data conflict..
Hi friend,
As per UCP 600 article 14 d, data in a documents must not conflict with any other document. So, certificate of origin showing more or less goods in quantity is a discrepancy in my opinion.
Article 14 e says that in docs other than invoice, the description of goods if stated, may be in general terms but not conflicting. Here, from the wording if stated, I understand that it is not a must for a C.O. to state the goods..
Regards
As per UCP 600 article 14 d, data in a documents must not conflict with any other document. So, certificate of origin showing more or less goods in quantity is a discrepancy in my opinion.
Article 14 e says that in docs other than invoice, the description of goods if stated, may be in general terms but not conflicting. Here, from the wording if stated, I understand that it is not a must for a C.O. to state the goods..
Regards
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iLC
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ICC guide to certificate of origin
the icc guide to certificate of origin does say that the description of goods should be mentioned on the certificate of origin. however since they are not rule in the context of UCP, i dont think we can enforce that. but i will consider it as an ISBP. since we have no linkage theory now, it may become real difficult to understand how a certificate or origin is related to a credit if the description of goods is not shown on the certificate of origin.
zzzzzzzzz i wrote the term certificate of origin so many times in this post :lol:
zzzzzzzzz i wrote the term certificate of origin so many times in this post :lol:
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ybattia
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C.O "Disc. of goods" must only appear to relate to..
The main purpose of C.O is to verify that the goods are of certain origin, therefore the most crucial part about it is "who issued it, and who legalized it in return if credit calls for legalization"
The ISBP 183 mentioned that C.O "must appear to relate to the invoiced goods."
It's not a discrepancy to find differences in amount "10 / 20 tons" as long as type of goods is the same, and shipped amount is as per credit terms, especially when the C.O is issued with a higher amounts while partial shipments are allowed, as no doubts should be raised about it then.
This is my opinion so far, let me know yours.
The ISBP 183 mentioned that C.O "must appear to relate to the invoiced goods."
It's not a discrepancy to find differences in amount "10 / 20 tons" as long as type of goods is the same, and shipped amount is as per credit terms, especially when the C.O is issued with a higher amounts while partial shipments are allowed, as no doubts should be raised about it then.
This is my opinion so far, let me know yours.