Tolerance with partial shipment

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ahay1407
Posts: 2
Joined: Mon Jun 07, 2021 10:43 am
First Name: Ali
Last Name: Hussain
Organization: Alawwal Bank
Filter: Two Plus Two =: 4
Location: KSA

Tolerance with partial shipment

Post by ahay1407 » Mon Jun 07, 2021 10:50 am

Dears,

First, I hope you are fine...
.
I have one inquiry... the LC partial shipment is allowed and there tolerance + - 1% and the documents amount and quantity presented less 1 PCT... is it discrepancy?
.
Thanks

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picant
Posts: 2026
Joined: Wed Aug 20, 2008 1:49 pm

Re: Tolerance with partial shipment

Post by picant » Thu Jun 10, 2021 2:16 pm

Hi Pal,

I think that it may be accepted if the l/c description states "total" quantity, however consult opinion R896/TA872.
Other comments appreciated
Ciao

KAMRANTAMBOLI
Posts: 3
Joined: Mon Feb 08, 2021 5:42 pm
First Name: KAMRAN
Last Name: TAMBOLI
Organization: UIS
Filter: Two Plus Two =: 4
Location: UAE

Re: Tolerance with partial shipment

Post by KAMRANTAMBOLI » Thu Jun 10, 2021 7:56 pm

Dear Ali,

since partial shipment is allowed in LC, there is no scope for valid discrepancy.

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