CDCS Question On Article 32 of UCP600

[gegeeee]

Hi colleagues,

Need your opinion regarding below mentioned question:
A credit allowing partial shipments states following shipment schedule:
5000 units to be shipped between 01-15 January 2012
2000 units to be shipped between 16-31 January 2012
3000 units to be shipped between 01-15 February 2012
5000 units to be shipped between 16-29 February 2012
Which of the following shipment(s) under the credit is (are) complying?
I. 5000 units shipped on 13th January 2012
II. 1000 units shipped on 25th January 2012
III. 4000 units shipped on 15th February 2012
IV. 5000 units shipped on 19th February 2012
A. (I) only B. Both (I) and (II) C. (I), (II) and (III) D. All of the above

Thank u in advance
Gega

[gegeeee]

My answer is B. Both (I) and (II).

Answer I. is definitely correct.

Regarding Answer II. I think it is also correct as partial shipment is allowed i.e. partial shipment in each instalment is available.

Regarding Answer III. It is incorrect and accordingly as per article 32 the credit ceases to be available for that
and any subsequent instalment.
Please share your opinions.

Gega

[picant]

Hi Pal,

the schedule being not respected by third shipment, the l/c has been no more valid.
Ciao.

[quang]

i choose C. (I), (II) and (III), short shipment for 2nd shipment and LC cease to be available for that and subsequent shipment according to art 32

[dodo]

dear ms/sir,
in my opinion, the answer should be B (both I and II).
I is complying because it is shipped as the first shipment schedule
II is also complying because it is shipped as the second shipment schedule and l/c allows partial shipment.
But there is no more 1000 unit under the second shipment schedule, that make all latter shipments are ceased according to art 32 ucp 600

[shafi865]

Hi colleagues,

Need your opinion regarding below mentioned question:
A credit allowing partial shipments states following shipment schedule:
5000 units to be shipped between 01-15 January 2012
2000 units to be shipped between 16-31 January 2012
3000 units to be shipped between 01-15 February 2012
5000 units to be shipped between 16-29 February 2012
Which of the following shipment(s) under the credit is (are) complying?
I. 5000 units shipped on 13th January 2012
II. 1000 units shipped on 25th January 2012
III. 4000 units shipped on 15th February 2012
IV. 5000 units shipped on 19th February 2012
A. (I) only B. Both (I) and (II) C. (I), (II) and (III) D. All of the above

Thank u in advance
Gega

I am going for B. Both (I) and (II)