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LOCAL CHAMBER OF COMMERCE
Posted: Sat May 30, 2009 2:19 pm
by hassan
Dear freinds,
to which countries, chamber of commerce refers the phrase "LOCAL CHAMBER OF COMMRCE" ?
could you please tell me the reference (UCP,ISBP, etc)of you answer.
ICC Opinion 652
Posted: Sat May 30, 2009 3:30 pm
by picant
Hi Pal,
A bank must "translate" the applicants' requests in a UCP 600 Language, avoiding to insert in a L/C wordings or sentences that have no meaning. In your post you quote a sentence that is very usual, if you call for a certificate of origin issued by local chamber of commerce , following art 3 of UCP 600 and the successive opinion TA652rev "any chamber of commerce may issue the certificate of origin". If the problem is that applicant and/or issuing bank have no idea of the issuer of a certificate(of origin ,e.g.) it is better to call for ITALIAN / INDIAN /(export country) Chamber of commerce.
Other comments appreciated
Ciao
LOCAL CHAMBER OF COMMERCE
Posted: Sun May 31, 2009 2:20 pm
by hassan
Thanks a lot "picant"