Uncategorized DISCREPANT OR NOT? By Mr Old Man Posted on March 7, 2010 2 min read 8 0 3,732 Share on Facebook Share on Twitter Share on Google+ Share on Reddit Share on Pinterest Share on Linkedin Share on Tumblr QUERY FROM PAN goods description differs in invoice, bill of lading etc. Goods description in a documentary credit is 29.000 m2 plus/minus 10 PCT. In availment Invoice for 28.500 m2 is presented, together with bill of lading and EUR certificate in which is indicated 29.000 m2 plus/minus 10 PCT, reporting in full the doc. credit goods description. Are documents discrepant ?Moreover, liabilities for the carrier towards the holder of bill of lading? thanks and ciao ——————————————- COMMENT FROM Mr. Old ManDiscrepant if… Hi, ISBP states that the quantity of merchandise, weights and measurements shown on the invoice must not conflict with the same quantities appearing on the other documents and that a goods description in the bill of lading may be shown in general terms not conflicting with that stated in the LC and that in other documents, e.g., invoice. The invoice shows 28,500 m2 whereas the goods description in the b/l shows 29,000 m2 plus/minus 10 PCT which conflicts with that shown on the invoice. The information supplied does not let us know if the quantity of goods actually shipped is stated somewhere in the b/l. In view of the above, I think the b/l is discrepant if the quantity of goods actually shipped, which complies with that in the invoice, is not stated in the b/l. 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?