Certificate of Origin issued by Manufacturer
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Janice
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Certificate of Origin issued by Manufacturer
LC called Certificate of origin issued by manufacturer. Document presented with an entity name without identify itself as manufacturer. However invoice had indicated the same entity as manufacturer. Is it acceptable under UCP 600 ? Pls share your opinion
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halafarrag
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Titles
Dear Janice,
Think that if the LC mention special requirements and we accepted the LC and its conditions; these requirements have to be done as it is even if these conditions contradict UCP articles
So in this case we can’t mention the title in another document rather than the required by the LC and say the checker will recognize it; it will be a discrepant document
Eg: if the presentation period didn’t mentioned in the LC normally it goes 21days from shipping date without saying; but if the LC mentioned another period (5 or 6 days) we can’t come back and say UCP mentioned 21days and some LCs exclude some article from UCP 600; so we cant come back and say UCP accept this condition (as we already accepted the LC with its conditions)
Please opine and correct me if I’m wrong,
Thanks for sharing
Hala
Think that if the LC mention special requirements and we accepted the LC and its conditions; these requirements have to be done as it is even if these conditions contradict UCP articles
So in this case we can’t mention the title in another document rather than the required by the LC and say the checker will recognize it; it will be a discrepant document
Eg: if the presentation period didn’t mentioned in the LC normally it goes 21days from shipping date without saying; but if the LC mentioned another period (5 or 6 days) we can’t come back and say UCP mentioned 21days and some LCs exclude some article from UCP 600; so we cant come back and say UCP accept this condition (as we already accepted the LC with its conditions)
Please opine and correct me if I’m wrong,
Thanks for sharing
Hala
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picant
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not in conflict
Hi Pal,
IMHO, if documents presented show data not in conflict must be accepted. Manufacturer is indicated in the invoice and certificate of origin refers to that invoice. so no problem arises.
Other comments appreciated
Ciao
IMHO, if documents presented show data not in conflict must be accepted. Manufacturer is indicated in the invoice and certificate of origin refers to that invoice. so no problem arises.
Other comments appreciated
Ciao
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Shirley
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It will be combined with
The cert.of origin which is not issued by beneficiary should be OK. Moreover, invoice also mentioned same entity as manufacturer that will be perfect.
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drmarat
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Acceptable
Dear Janice,
In my point of view atricle 14 is also applicable
f. If a credit requires presentation of a document other than a transport document, insurance document or commercial invoice, without stipulating by whom the document is to be issued or its data content, banks will accept the document as presented if its content appears to fulfil the function of the required document and otherwise complies with sub-article 14 (d).
d. Data in a document, when read in context with the credit, the document itself and international standard banking practice, need not be identical to, but must not conflict with, data in that document, any other stipulated document or the credit.
Good luck
In my point of view atricle 14 is also applicable
f. If a credit requires presentation of a document other than a transport document, insurance document or commercial invoice, without stipulating by whom the document is to be issued or its data content, banks will accept the document as presented if its content appears to fulfil the function of the required document and otherwise complies with sub-article 14 (d).
d. Data in a document, when read in context with the credit, the document itself and international standard banking practice, need not be identical to, but must not conflict with, data in that document, any other stipulated document or the credit.
Good luck