Uncategorized ANY CHINESE PORT By Mr Old Man Posted on March 7, 2010 2 min read 0 0 2,273 Share on Facebook Share on Twitter Share on Google+ Share on Reddit Share on Pinterest Share on Linkedin Share on Tumblr QUERY Any Chinese port Sladjana Skakic – Sweden Your opinion in this question will be much appreciated:.L/C requirement: Shipment from any Chinese portDelivery terms: FOB any Chinese port.B/L states: Shipped on board at Hong KongInvoice states: Delivery terms: FOB Hong Kong.We know that Hong Kong is a Special Administrative Region (SAR) of the People’s Republic of China since July 1, 1997, with high degree of autonomy, but it is quite confusing ...My simple question: Is L/Cs requirement for the shipment from any Chinese port fulfilled when B/L shows on board at Hong Kong?.Thanks in advance,Sladjana Skakic —————————————–COMMENTS N.H. Duc – Viet Nam Hi, Despite the fact that Hong Kong is a Special Administrative Region of the People’s Republic of China and practising “One Country Two System” with high degree of autonomy, I do believe China will strongly protest if anyone says Hong Kong now does not belong to China. Hong Kong is part of China. So, if L/C requires shipment to be effected from any Chinese port, B/L showing on board at Hong Kong is acceptable. Best regards,N.H. Duc ———————————— Glenn Ransier – United States I agree. In the US we had a similar question and the majority response is that Hong Kong is a Chinese Port …
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CAN THE ISUING BANK CITE “LATE PRESENTATION” AS A DISCREPANCY SOLELY BASED ON THE DATE OF THE COVER LETTER?
IS THE NOMINATED BANK REQUIRED TO VERIFY WHETHER THE BENEFICIARY HAS AUTHORIZED THE PRESENTING BANK TO PRESENT THE DOCUMENTS?
CAN THE ISUING BANK CITE “LATE PRESENTATION” AS A DISCREPANCY SOLELY BASED ON THE DATE OF THE COVER LETTER?