Hi,
Recently I came across LOI document related gasoil shipment. In this, it is mentioned date of bill of lading as 08.08.2010. But LC mentioned latest date of shipment as 01.08.2010.I quoted the discrepency on seeing the BL date as "late shipment". But some argued with me that LOI is presented on behalf of the original documents - absence of original BL etc- I not supposed to raise the discrepency as late shipment.I refuted their arguements that LOI is having bl date so that I raised the discrepency. I am correct to raise this discrepency?
Regards/Vijay
letter of indemnity
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vijaymelathil
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cristiand969
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One answer
No! You are not correct!
Although you must ensure that there is no conflict data on documents versus credit you do not have an 'ON BOARD' date on LOI to which you may realy on. The B/L date may be different of ON BOARD notation.
Although you must ensure that there is no conflict data on documents versus credit you do not have an 'ON BOARD' date on LOI to which you may realy on. The B/L date may be different of ON BOARD notation.
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loankim
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Not discrepant
Hi,
I think LOI isnt a transport document which indicated in art 19-25 under UCP 600, so when LC contains referrence to a latest date of shipment without stipulating the requirement for LOI indicating compliance with this condition then thats a non-document condition.
However, it is still checked under sub-article 14(d) which doesnt consider "shipment date" is the equivalent of "b/l date" to raise the discrepancy .
i also agree with Cristiand's answer !
rgds,
I think LOI isnt a transport document which indicated in art 19-25 under UCP 600, so when LC contains referrence to a latest date of shipment without stipulating the requirement for LOI indicating compliance with this condition then thats a non-document condition.
However, it is still checked under sub-article 14(d) which doesnt consider "shipment date" is the equivalent of "b/l date" to raise the discrepancy .
i also agree with Cristiand's answer !
rgds,