EUR1 certificate consignee details

vasanthakumar · Post by **vasanthakumar** » Thu Feb 21, 2019 11:55 am

Dear members,
I’ve got a bit of a hypothetical question and would appreciate your views.
Letter of credit terms include:
Field 46A Required Documents:
(x) Full set of charter party bills of lading in 3/3 originals issued or endorsed to the order of ABC Bank marked freight payable as per charter party, quoting this credit number, and notify only the applicant name and address exactly as mentioned in this letter of credit (field 50)
(x) Photocopy of EUR1 Certificate

A bill of lading was issued to order of ABC Bank and an EUR1 certificate containing a consignee field marked “to order” were presented to ABC Bank, which is acting as confirming bank. ABC Bank refused to honour the presentation indicating the following discrepancy by referring to ISBP 745 paragraph Q9.

“Consignee of the EUR1 certificate is inconsistent with the consignee of b/l.”

Would you consider the EUR1 Cert discrepant?

dinesh2476 · Post by **dinesh2476** » Fri Feb 22, 2019 6:18 pm

Hi,

Though ''to order'' in EUR1 certificate does not create any impact, according to ISBP Q9 it is discrepant,

consignee information, when shown, is not to conflict with the consignee information in the transport documents..

Thanks &Regards
Dinesh Kumar

picant · Post by **picant** » Sat Feb 23, 2019 5:58 am

Hi Pals,

IMHO Eur Certificate is a certificate of origin An opinion R234 issue 3 states that it could be acceptable.
as l/c is silent about its contents, moreover we are in presence of a photocopy.
Other comments appreciated
Ciao