ALL DISCREPANCIES ARE ACCEPTABLE

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1. 

   mroldmanvcb

   March 29, 2011 at 9:03 pm

   Trang writes:Dear Mr Oldman, Thank you so much for your early reply. I have to admit that the L/C was issued carelessly.In the consignee box, our branch name is missing so apparently we are unable to endorse the B/L.I have been trying to contact the agent in Vietnam as per particulars in the B/L but they did not answer. Therefore, I called the branch of the shipping line in Vietnam and they said there no problem for the Buyer to take the delivery of goods with the discrepancy as described. The problem now lies in customs clearance procedures since it is the customs agent who may not permit the goods imported to Vietnam due to that discrepancy on the B/LIn terms of LOI as you advised, as far as I know, when the goods arrive before docs and to help the Buyer take the delivery of goods before receiving the docs, Banks issue LOI in favour of carrier and in order for banks to issue an LOI, the Buyer has to deposite 100% value of goods or have a credit line with banks.. However, in this case, docs received sooner than goods. So we can not issue LOI.We decided that the docs complied with terms and conditions of the L/C and just wait.Could you please give me your futher professional idea on this issue?Thanks again!Best regards,Trang————Mr. Old Man writes: Sorry for my late reply. I've just come back from Hanoi. I do not think the customs authorities will refuse to clear the goods because of such a discrepancy.Your bank will issue a LOI upon the arrival of goods and upon request of the applicant. The applicant bears the risk of any ambiguity in its instructions to issue or amend a ccredit (ISBP para. 2), That is to say, he must accept such a discrepancy and reimburse your bank if your bank honour the presentation. Best regards,Mr. Old Man ————- Trang writes:It was very nice to receive your reply. It seems that you had no time to rest after your trip, answering our non stop questions.Hope you always in good health to keep up the good work that you have been doing.About customs clearance procedures that I mentioned in the last mail, I am not sure with this, either.I will inform you the details later when our client go receive the goods.Now, a side question: have you ever thought of publishing a book on case study or queries from your Oprera. It would be a valuable source of knowlege for us. Pls think about that, Mr. Oldman.Lastly, Could you please show me how to find ICC publication that you quote when answering our questionsThank you————-Mr. Old Man writes: Thanks for your nice suggestion. To write a book is not difficult. The issue is that I do not intend to do so. Yet, I'll think again. Not sure but I may classify, revise and publish it in English when appropriate..ICC opinions do not cover every thing. Moreover, sometimes I'm too busy to read and quote it for my answer. Best regards,Mr. Old Man

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