Uncategorized PRESENTATION OF A DOCUMENT NOT REQUIRED BY THE CREDIT By Mr Old Man Posted on September 15, 2011 1 min read 0 0 1,890 Share on Facebook Share on Twitter Share on Google+ Share on Reddit Share on Pinterest Share on Linkedin Share on Tumblr QUERY FROM ANONYMOUS Dear Sir, Suppose under l/c required bag packing and we issue all documents in carton packing, but we issue one declaration like as under BENEFICIARY DECLARATION declaring that the goods are Bag Packing, so kindly read as bag instead of carton in all documents. Then also come any discrepancy regarding that? ————- COMMENT Hi, Please note that according to sub-article 14(g) UCP 600, a document presented but not required by L/C will be disregarded. So, the beneficiary's declaration shall be of no use. Assuming that the declaration is acceptable, there is still a discrepancy according to sub-article 14(d), i.e., data in the beneficiary’s declaration conflict with data in other documents (bad packing vs carton packing). If possible, please have all the documents corrected to comply with L/C requirement. 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?