LC NUMBER ON THE DOCUMENT

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picant
Posts: 2026
Joined: Wed Aug 20, 2008 1:49 pm

Re: LC NUMBER ON THE DOCUMENT

Post by picant » Fri Apr 30, 2021 2:58 am

Hi Pal,

I dare say that Opinion R746/ TA734(abstract) could solve your problem.

"
es. 1 : All documents except bill of lading must indicate this credit number and P.O. no. XXXXX

Analysis and conclusion:
The enphasis in this condition, as drafed. is that all documents must indicate certain data except the bill of lading. However, this condition does not prohibit the bill of lading mentioning the stated data. If the intention is that the bill of lading is not to include such data, then the credit should be specific and so state."

Naturally being no native speaker, my interpretation may be wrong.
Other comments appreciated
Ciao

User avatar
picant
Posts: 2026
Joined: Wed Aug 20, 2008 1:49 pm

Re: LC NUMBER ON THE DOCUMENT

Post by picant » Mon May 03, 2021 12:59 pm

Hi Pal,

you may quote the opinion, if not already done. Then deal friendly to find an agreement. The last chances are to apply local ICC or have a legal advice.
Many banks even if issuing l/c are not aware of ICC Opinions.
Let me know.
Ciao

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