Article 30 - Tolerance in Credit Amount, Quantity and Unit Prices
Posted: Sat Jan 19, 2019 9:57 pm
Dear Experts,
E,g LC prohibits partial shipment and shipped good is sugar 1000 kgs for value $1000
can the exporter ship the goods with tolerance 5% increase i.e 1050 kgs of sugar? or the below UCP article applies only for partial shipment allowed cases?
LC is silent about tolerance, unit price and amount given in the invoice is $1000
Article 30
b. A tolerance not to exceed 5% more or 5% less than the quantity of the goods is allowed, provided the credit does not state the quantity in terms of a stipulated number of packing units or individual items and the total amount of the drawings does not exceed the amount of the credit.
E,g LC prohibits partial shipment and shipped good is sugar 1000 kgs for value $1000
can the exporter ship the goods with tolerance 5% increase i.e 1050 kgs of sugar? or the below UCP article applies only for partial shipment allowed cases?
LC is silent about tolerance, unit price and amount given in the invoice is $1000
Article 30
b. A tolerance not to exceed 5% more or 5% less than the quantity of the goods is allowed, provided the credit does not state the quantity in terms of a stipulated number of packing units or individual items and the total amount of the drawings does not exceed the amount of the credit.