AGENT'S ADDRESS

Agent's address
Daniel D – Switzerland Posted 26 Nov 09 |

Dear all,

DC requires agent's name and address on BILL OF LADING.
Discrepancy raised: the address does not indicate street name.
Please comment
Thanks
Daniel

—————————————–

N.H.Duc – Viet Nam Posted 27 Nov 09 |

Hi Daniel,

In my opinion, it is not a discrepancy.

As DC does not provide a specific name and address of the agent, banks will not check whether the name and the address of the agent indicated on the bill of lading is correct.

What’s more. In practice, not all addresses contain street names. Therefore, the absence of a street name in the agent’s address does not constitute a discrepancy.

Best regards,
N.H. Duc

———————————

Rob Reissner – Netherlands Posted 27 Nov 09 |

Agree. It is generally acknowledged that requirements in a letter of credit should be clear and precise. Failing indication of a specific address or a definition of details the address should contain, banks will accept any address given. Also, based on what would it be mandatory that an address is only correct if there is a name of a street connected to it?

Kind regards,

Rob Reissner

——————————————-

JSMITH – United Kingdom Posted 27 Nov 09 |

I agree it's a rubbish 'discrepancy'. …