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Home Tag Archives: to-pay-or-not-to-pay-if-shipment-is-not-effected-i

Tag Archives: to-pay-or-not-to-pay-if-shipment-is-not-effected-i

TO PAY OR NOT TO PAY IF SHIPMENT IS NOT EFFECTED IN FULL

By Mr Old Man
March 16, 2010
in :  Uncategorized
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QUERY FROM NICO PARISPartial shipments I am a trainee currently dealing with my first LC matter and have what I hope is a straight-forward query. Under the LC, the sales contract and the UCP rules partial shipments are allowed. Partial drawings also. If the beneficiary of the LC in which the description of goods is 5410 MT (+/-10%) ships only …

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Rupnarayan Bose: I fully agree with this view. What the UCP says is the minimum obligation of the...

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