your opinion please....
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your opinion please....
Dear all.
Pls consider the following case: A letter of credit prohibiting partial shipments is available by payment against quote : presentation of following documents issued in one complete set:
1. Commercial Invoice
2. Full set 3/3 B/L
3. packing list
4. Quality certificate
unquote
The description of goods comprises of two items A and B
.
beneficiary has made a SINGLE presentation consisting of 2 separate sets of documents each for each item as above mentioned and this was due to nature of products because it said each Quality certificate must be issued for each item and also loading on board date was 01 and 02. april (not part shipment as is on the same vessel and same destination)
Now, what do you understand by wording : issued in one complete set. Is this presentation complying or not.
Thanks!
Pls consider the following case: A letter of credit prohibiting partial shipments is available by payment against quote : presentation of following documents issued in one complete set:
1. Commercial Invoice
2. Full set 3/3 B/L
3. packing list
4. Quality certificate
unquote
The description of goods comprises of two items A and B
.
beneficiary has made a SINGLE presentation consisting of 2 separate sets of documents each for each item as above mentioned and this was due to nature of products because it said each Quality certificate must be issued for each item and also loading on board date was 01 and 02. april (not part shipment as is on the same vessel and same destination)
Now, what do you understand by wording : issued in one complete set. Is this presentation complying or not.
Thanks!
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My opinion: complying...
Dear Cristiand,
By 2 separate sets, do you mean 2 different invoice, PL, BL, etc. or some docs in 2 sets others 1...?
Although the use of wording "issued in one ..." instead of "...presented in one " confuses me a bit, I nevertheless understand from the expression "in one complete set" that documents should be presented in one lot.
My opinion no discrepancy
Regards
By 2 separate sets, do you mean 2 different invoice, PL, BL, etc. or some docs in 2 sets others 1...?
Although the use of wording "issued in one ..." instead of "...presented in one " confuses me a bit, I nevertheless understand from the expression "in one complete set" that documents should be presented in one lot.
My opinion no discrepancy
Regards
- shahriar
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complying
Hi Cris!
In my opinion complying. i agree with dear Navi. the credit ask for issued in one complete set; not asking for presentation in one set. besides, stand alone, "one complete set" is a term that should be disregarded. it does not communicate anything. by the way, does the credit requires a draft? how many of them was there?
In my opinion complying. i agree with dear Navi. the credit ask for issued in one complete set; not asking for presentation in one set. besides, stand alone, "one complete set" is a term that should be disregarded. it does not communicate anything. by the way, does the credit requires a draft? how many of them was there?
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Dear navi and shahriar
Really appreciated your prompt answers and your excelent views as well.
Thanks a lot!
After all i think it is very likely an immaterial wording to trigger an advice of refusal.
Mr. Gary Collyer always said that we shouldn't stick to such immaterial discrepancies but for the ones really affecting the basis of transaction.
Have a nice day!
Cristian
Thanks a lot!
After all i think it is very likely an immaterial wording to trigger an advice of refusal.
Mr. Gary Collyer always said that we shouldn't stick to such immaterial discrepancies but for the ones really affecting the basis of transaction.
Have a nice day!
Cristian
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partial shipment?
could you please tell me if the two bill of ladings was presented under two separate presentation, will it form a partial shipment?
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Jim
Jim,
There is only one presentation of documents comprising of two separate sets each for each item.
No word abt part shipment as the 2 Bs/L show same vessel, same voyage and same destination
There is only one presentation of documents comprising of two separate sets each for each item.
No word abt part shipment as the 2 Bs/L show same vessel, same voyage and same destination
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partial shipment
Dear Maqianyueer
article 31b of ucp supports your answer. it will not be a partial shipment
reagrds
kalra n k
article 31b of ucp supports your answer. it will not be a partial shipment
reagrds
kalra n k
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Definite not partial shipment
Yes, according to Article 31, more than one set B/L but same conveyance, same journey, same destination, even different dates different ports of lading... would not be partial shipment. Just should notice the on board date should be Apr. 2nd.
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your opinion please....
No partial shipment effected
Tks and rgds
Tks and rgds