UCP Art 32 - The Beneficiary Fails To Make Fist Shipment

The forum is dedicated to all who deals with LCs. Please share your experiences, problems and opinions with us. You are requested to be confined to LC related issues only. Let us together discover the beauty of Letter of Credit. Thank and regards – admin; besttradesolution.com
Post Reply
dodo
Posts: 27
Joined: Thu Sep 15, 2016 8:42 pm
First Name: thanh
Last Name: thanh
Organization: dt co.,ltd
Filter: Two Plus Two =: 4
Location: VN

UCP Art 32 - The Beneficiary Fails To Make Fist Shipment

Post by dodo » Sun Sep 25, 2016 6:28 pm

Dear SIr/Ms,
I have a case as follow:
L/C stipulates:
the first shipment: from 01 june 2016- 30 june 2016
the second shipment : from 15 june 2016 to 15 july 2016
as your opinions, if the beneficiary fails to ship goods in the first shipment, could they continue ship goods in the second shipment or the second shipment will be ceased as art 32?
thanks and best regards.
Top
User avatar
gegeeee
Posts: 147
Joined: Fri Jul 05, 2013 5:50 pm
First Name: Gega CITF, CDCS
Last Name: Topadze
Organization: Bank of Georgia
Filter: Two Plus Two =: 4
Location: Tbilisi, Georgia

Reply

Post by gegeeee » Mon Sep 26, 2016 7:26 pm

Article 32 would apply.

Best,
Gega
Top
User avatar
shafi865
Posts: 49
Joined: Thu Feb 23, 2017 11:26 pm
First Name: S. M. Shafiqur
Last Name: Rahman, CDCS
Organization: Southeast Bank Ltd.
Filter: Two Plus Two =: 4
Location: Bangladesh

Post by shafi865 » Sun Mar 12, 2017 9:21 pm

Hi !
If Article 32 of UCP 600 is not excluded in the documentary credit, then in this case the credit ceases to be available for the beneficiary.
Regards,
Shafique
Top
Post Reply

Return to “Letter of Credit Forum”