A credit subject to UCP 600 states:
+1 original and 2 copies of beneficiary's certificate certifying that 1 set of copies of shipping documents has been sent to the applicant within 2 days from date of shipment.
1 original and 2 copies of a signed beneficiary's certificate are presented, certifying that 1 set of copies of shipping documents has been sent to the applicant within 2 days from date of shipment. But it has no date of issue. The issuing bank refuses payment due to no issuing date being shown in the beneficiary's certificate.
Is the issuing bank correct in its decision?
This is a pretty hard problem, do you have the answer? Thank you guys in advance.
Issuing Date Not Shown On Beneficiary's Certificate
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skygarden93
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gegeeee
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Beneficiary's certificate
Hy,
Actually Bene. Certificate is not covered by UCP600. I guess that there may be some article in additional conditions in original LC, that calls all docs to be dated or similar, you should check LC carefully.
Other Comments appreciated.
Actually Bene. Certificate is not covered by UCP600. I guess that there may be some article in additional conditions in original LC, that calls all docs to be dated or similar, you should check LC carefully.
Other Comments appreciated.