Uncategorized AS AGENT TO THE CARRIER By Mr Old Man Posted on February 24, 2011 3 min read 8 0 4,508 Share on Facebook Share on Twitter Share on Google+ Share on Reddit Share on Pinterest Share on Linkedin Share on Tumblr QUERY FROM A.K A.K – Viet NamPosted 22 Feb 11 Dear Sir/Madam.Pls comment about following disc a/f: "B/L is signed by an agent to the carrier instead of by an agent for or on behalf of the carrier as per article 20 letter a paragraph I of UCP 600". Is this disc valid or not?.FROM OUR OPINION, IT IS NOT DISC. WE ASSUME TWO ABV PHRASES ARE COMPLETELY SAME MEANING AND CAN NOT MISUNDERSTOOD. .P/S: issuing bank cited this disc to ask for reducing price. Hope to receive yr reply soon . Tks so much!!!!!!!!!Best regards,AK. ————- Duc N.H – Viet NamPosted 22 Feb 11 No discrepancy. Regards,Duc N.H ————- A.K – Viet NamPosted 22 Feb 11 Dear Mr Duc,.Tks very much for yr reply. Pls give me your opinion clearly about this. .We sent many messages to arguing with issuing bank. However, they still decide it is disc upon imitating servilely words stated in Art 20/UCP600.(…Any signature by an agent must indicate whether the agent has signed for or on behalf of the carrier….).Could you help me to summit this case to ICC for official opinion?.Best regards,A.K ————- Duc N.H – Viet Nam Posted 23 Feb 11 | I see that “agent to” or “agent to and on behalf of” is still being used interchangeably with “agent for” or “agent for and/or on behalf of” though not so commonly. Notwithstanding the wording of Article 20, it should be accepted in this case as (I agree with you) it can’t be misunderstood. Best regards,Duc N.H ————- The above discussion is quoted from DCPro Forum
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?
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?