Best Trade Solution

hello all,
UNCTAD article 1 says

"These Rules apply when they are incorporated, however this is made, in writing, orally or otherwise, into a contract of carriage by reference to the "UNCTAD/ICC Rules for multimodal transport documents", irrespective of whether there is a unimodal or a multimodal transport contract involving one or several modes of transport or whether a document has been issued or not."

is there any update for this? if not how it is aligned with ucp article 19?

regd

shahriar

So far as I know UNCITRAL is working on transport documents and a draft has aleady been finalized.

And to the best of my knowledge, UNCTAD/ICC Rules for Multimodal Transport Documents is still in force. Article 19 of UCP 600 defines what to be required for transportation through more than single modes. In case of Multimodal Trtansport shipment, a credit, calling for applicability of UNCTAD/ICC Rules for Multimodal Transport Documents.does not appear to be out of conformity with the spirit UCP 600.

Regards....Mehdi

Dear Shahriar,
You know the practice of Banking and shipping industry are a bit different from each other.
we as a banker, we have followed "However named formula" that means title of the document doesn't bear any weight to us while examine the document,

According to transport industry practice:

Quatation from kim's article

"The transport industry works on "face value". This means that they simply look at the "type" of document in order to determine what kind of document it is. that means the document is titled "Negotiable FIATA Multimodal transport bill of lading"" - then it is in fact a "Negotiable FIATA Multimodal transport bill of lading"" - subject to a specific set of rules. In this case based on the "UNCTAD/ICC Rules for Multimodal Transport Documents".
If used, the transport document is subject to those rules regardless which modes[emphasis added] - or for that matter mode (singular) - of transport that has been used. "

If you are interested, pls read the article "Two industries separated by common documents!-___By Kim Christensen published at DC Insight.
regards
nesar

dear nesar,

i will appreciate if you please provide me a link to that doc if available.

regd

shahriar