Uncategorized FOB ANY PORT By Mr Old Man Posted on March 8, 2010 1 min read 0 0 3,594 Share on Facebook Share on Twitter Share on Google+ Share on Reddit Share on Pinterest Share on Linkedin Share on Tumblr QUERY FROM MARK LC CALLED FOR INCOTERM FOB ANY PORT IN JAPANINVOICE SHOW FOB ANY PORT IN JAPAN AND B/L SHOW PORT OF LOADING TOKYO, JAPAN IS THIS A DISCREPANCY? INVOICE MUST SHOWS INCOTERM FOB TOKYO, JAPAN OR FOB ANY PORT IN JAPAN ———————————— COMMENT Hi, ISBP Para. 58 says the description of the goods, services or performance in the invoice must correspond with the description in the credit. So, if checked separately, the invoice is deemed to be complied with the credit. However, if cross-checked with other documents, the invoice seems to be discrepant as it is to some extent inconsistent with the bill of lading. Notwithstanding my above analysis, I would accept the invoice. 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?