Uncategorized IS HONG KONG A PORT OF CHINA? By Mr Old Man Posted on May 18, 2012 1 min read 0 0 2,307 Share on Facebook Share on Twitter Share on Google+ Share on Reddit Share on Pinterest Share on Linkedin Share on Tumblr QUESTION Anonymous writes: Dear Mr old Man L/C required port of dischg as 'Any port in China'. B/L showing port of dischg as 'Hong kong Port'. Does it constitue a disp.? Appreciate yr comments. Thanks. ———————- ANSWER Hi, Hereunder is my comment to a similar question in DCPRO in 2009: QuoteDespite the fact that Hong Kong is a Special Administrative Region of the People’s Republic of China and practising “One Country Two System” with high degree of autonomy, I do believe China will strongly protest if anyone says Hong Kong now does not belong to China. Hong Kong is part of China. So, if L/C requires shipment to be effected from any Chinese port, B/L showing on board at Hong Kong is acceptable.Unquote.Best regards,Mr. Old Man
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?