COPIES OF DOCUMENTS NEED NOT BE SIGNED QUESTION Dear Mr. Old Man, Field 46A: Signed commercial invoice in 3 originals and 3 copies. Field 47A: All documents must be manually signed. I want to know whether copies of invoice must be signed manually. Thank you in advance for your advice. Best regards, T.H —- ANSWER Hi, My quick answer is NO. According to ISBP 745 A31 (b), … Read More
MUST THE ISSUING BANK REIMBURSE WHEN THE NOMINATED BANK PROVIDES THE MISSING DOCUMENT ? QUESTION Dear Mr. Old Man, LC issued by our bank required presentation of Inspection Certificate in 01 original and 02 copies. However, the nominated bank presented only 01 original and 01 copy. We raised the discrepancy “Inspection Certificate: 01 original and 01 copies presented instead of 01 original and 02 copies”. The nominated bank sent our bank another copy of … Read More
DEDUCTION OF DISCREPANCY WITHOUT GIVING NOTICE OF REFUSAL QUESTION Dear Mr. Old Man, On behalf of the beneficiary we made presentation to the issuing bank for payment. The issuing bank paid and sent us an MT910 (Confirmation of Credit) stating that USD100 being discrepancy fee was deducted. The issuing bank had not sent us its notice of refusal. I want to know whether the issuing bank was correct … Read More
INCOTERMS 2020 CÓ GÌ MỚI? Nguyễn Hữu Đức Phòng Thương mại Quốc tế (International Chamber of Commerce – ICC) đang soạn thảo bản sửa đổi các Điều kiện Thương mại Quốc tế 2020, gọi tắt là Incoterms 2020. Ngoài một số thay đổi chính liên quan đến các điều kiện thương mại quốc tế, Ủy ban soạn thảo Incoterms 2020 dự định sẽ đơn giản … Read More
WHERE A CERTIFICATE MUST FULFIL ITS FUNCTION QUESTION Dear Mr Old Man, LC requires: Certificate of Quality and Quantity. Certificate of Quality and Quantity is presented showing quality but not quantity of goods. Can we raise the discrepancy “Certificate of Quality and Quantity not showing quantity of goods”? Looking forward to receiving your soon reply. Thank you. LC ——— ANSWER Hi, According to ISBP 745 Q 1, … Read More
WHAT ARE DISADVANTAGES IF THE BENEFICIARY PRESENTS THE DOCUMENTS TO A BANK OTHER THAN THE NOMINATED BANK QUESTION Dear Mr. Old Man, I have some questions for you as follows: LC is available with Bank Y in Country X by negotiation . However, the beneficiary presents the documents to Bank Z in Country X. My questions: 1/ Can the beneficiary present the documents to Bank Z? 2/ What are disadvantages if the beneficiary does not present the … Read More
WARRANTED NO KNOWN OR REPORTED LOSSES (WNKORL) QUESTION Dear Mr. Old Man, Insurance document indicating Issue Date as 20 NOV 2018 (Issue Date) contains a statement: “Warranted no known or reported losses as at 22 NOV 2018 if the Departure Date is earlier than 22 NOV 2018”. Bill of Lading indicates On Board Date as 20 NOV 2018 Can I raise the discrepancy: Insurance document effective from … Read More
WHERE A BILL IS NOT A BILL OF LADING QUESTION Dear Mr Old Man, Please let me know your view on the following case: Field 47A: Partial shipment effected in two and each bill must be presented separately Quantity of goods: 20,000MT The beneficiary presents under the same cover one set of documents including two separate sets of bills of lading: one BL showing quantity of goods shipped 10,000 … Read More
TRỞ LẠI BÃI CÁT VÀNG Nằm ở rẻo đất hiểm trở dưới chân đèo Hải Vân cách làng phong Hòa Vân – ngôi làng đã mất – một ghềnh đá là bãi biển cát vàng tuyệt đẹp. Cách đây 5 năm mình đã một mình đạp xe đạp, lội bộ băng rừng tìm đường xuống làng phong Hòa Vân dưới chân đèo Hải Vân nhưng … Read More
DU THÁM HẢI ĐĂNG CỔ TIÊN SA Vượt qua những con dốc ngán ngại từ 16 -27% là một thử thách quá khắc nghiệt nhưng cuối cùng anh em cũng đã đến được ngọn hải đăng cổ nằm ở phía bên kia bán đảo Sơn Trà hùng vĩ. Ngay đầu dốc dẫn xuống ngọn hải đăng có tấm bảng gỗ treo lủng lẳng trong gió đề mấy … Read More