Q&A BENEFICIARY’S ADDRESS IN INVOICE By Mr Old Man Posted on August 26, 2017 1 min read 1 0 4,203 Share on Facebook Share on Twitter Share on Google+ Share on Reddit Share on Pinterest Share on Linkedin Share on Tumblr 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
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?