Page 1 of 1
Partial Shipment Vs Partial Drawing in UCP
Posted: Sat Sep 06, 2008 11:08 pm
by iLC
Dear Mates,
i will appreciate your comments on the following. Letter of credit subject to UCP600 shows -
Partial shipment - Allowed
under 47A it shows partial drawing not allowed.
what is your opinion. i think the credit is ambiguous.
iLC
Re: Partial Shipment Vs Partial Drawing in UCP
Posted: Sat Sep 06, 2008 11:42 pm
by Md.zakir Hossen
Dear ILC,
I do not consider it ambiguous.It happen.
I will invite Nesar opinion in this regard.I think he will give narrative answer.
Re: Partial Shipment Vs Partial Drawing in UCP
Posted: Sun Sep 07, 2008 12:57 pm
by nesarul
Dear all,
i have found some cases in my branch as follows:
the beneficiary has shppied the goods under three separate bill of lading with three diferrent vessel within stipulated shipment date of the credit(so partial shipment allowed).
but the beneficiary combined all of the shipping document under a bill of exchange(so no partial drawing)
.
regards
nesar
Re: Partial Shipment Vs Partial Drawing in UCP
Posted: Sun Sep 07, 2008 9:01 pm
by jmitra
i agree with the answer
regards
mitra