Uncategorized CLEAN ON BOARD By Mr Old Man Posted on March 7, 2010 3 min read 0 0 2,802 Share on Facebook Share on Twitter Share on Google+ Share on Reddit Share on Pinterest Share on Linkedin Share on Tumblr QUERY FROM PAN Art 27 UCP CLEAN -This is the word Hi friends, I attended an educational on UCP 600-after one year experience and I really wondered when the speaker stated:"If a Bill of lading is requested in a doc. credit "MARKED CLEAN", the word "CLEAN" must appear on that document. I read UCP and Commentary 601 and I confirm my disagreement with said speaker. Commentary is clear Paragraph 91 ISBP 645 stated "The word clean need not to appear on a bill of lading even though the credit may require a "clean on board bill of lading" or one MARKED2Clean on board". This has been removed from the updated version of ISBP(ICC publ. no 681) for the more definitive and all-encompassing statement"The word "clean" need not appear on a transport document, even if a credit has a requirement for that transport document to be "clean on board". Am I right or wrong? Please your commentsThanks and Ciao ——————————————- COMMENT FROM MR. OLD MAN Clean on board B/L With or without the word "CLEAN" does not make the B/L unclean or claused unless the B/L specifically bears a clause or notation declaring that the goods or packaging are detective. Despite required by L/C, a B/L presented without indicating the word "CLEAN" would not constitute a valid discrepancy that leads to a refusal. If the applicant, for some reason, wants the B/L to have this word, he should emphasize this requirement in Field 47A (additional conditions) that B/L presented without indicating the word "CLEAN " or "CLEAN ON BOARD" will be deemed to be discrepant. Best regards, Nguyen Huu 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?