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BENEFICIARY’S ADDRESS IN INVOICE

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Q&A quoted from DCPro Discussion Forum 24 August, 2017

QUESTION

Is there any requirement (as per UCP 600) to indicate the beneficiary address in the commercial invoice?

Shahed

———

ANSWER

Hi,

Under international banking practice, it is expected that an invoice will include the name and the address of the beneficiary. However, there is no requirement in UCP 600 for the address of the beneficiary to appear in an invoice. Therefore, an invoice that shows the name of the beneficiary as the issuer without any address is acceptable under sub-article 18 (a) (i).

Kind regards,

N.H. Duc

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One Comment

  1. MUZAMMIL CDCS

    August 27, 2017 at 9:28 pm

    Dear Mr. Old man , Good Day ..Have nice weekend …Without your help we could not able to understand the UCP articles and ISBP Para.Mr oldman need you help..article 38 says It says: The transferred credit must accurately reflect the terms and conditions of the credit, including
    confirmation, if any, with the exception of:
    – the amount of the credit,
    – any unit price stated therein,
    – the expiry date,
    – the period for presentation, or
    – the latest shipment date or given period for shipment,
    any or all of which may be reduced or curtailed. MY QUESTION is 1) can we increase the unit price while issuing transferable LC to second beneficiary….if No 2)can we hide the unit price while issuing transferable LC to second beneficiary … Mr old man need your valauable suggestion …

    Reply

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INVOICE NOT CERTIFYING WHAT HAS NOT BEEN SHIPPED

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