Uncategorized HOWEVER NAMED By Mr Old Man Posted on March 5, 2010 1 min read 0 0 3,530 Share on Facebook Share on Twitter Share on Google+ Share on Reddit Share on Pinterest Share on Linkedin Share on Tumblr QUERY FROM VNL What does “however named” in UCP mean? ——————- COMMENT Hi, It is noted that the words “however named” appears in the first sub-article of UCP 600 articles 19 -24. It is understood from “however named” that it is not the name or the title of the document that is important. What is important is that the content of the document must comply with the terms and conditions of the credit and provisions of UCP 600. A Multimodal Bill of Lading is acceptable under an LC which calls for a bill of lading covering a port-to-port shipment provided that it is complying with the credit terms and conditions and the provisions of Article 20. Similarly, Forwarders Bills of Lading are also acceptable under an LC which calls for a bill of lading covering a port-to-port shipment. Yet, in this case, the forwarder must sign as agent or on behalf of a named carrier (or master). My above interpretation is based on ICC Opinions R219, R230, R456, TA651rev … Best regards,Mr. Old Man (Nguyen Huu Duc) …
IS THE NOMINATED BANK REQUIRED TO VERIFY WHETHER THE BENEFICIARY HAS AUTHORIZED THE PRESENTING BANK TO PRESENT THE DOCUMENTS?
IS THE NOMINATED BANK REQUIRED TO VERIFY WHETHER THE BENEFICIARY HAS AUTHORIZED THE PRESENTING BANK TO PRESENT THE DOCUMENTS?