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TWO OR THREE DECIMAL PLACES?

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QUESTION

Dear Expert, Mr. Old Man,

May I ask for your opinion of the following :

L/C called forfull set clean on board ocean bill of lading , consigned to order, blank endorsed.

LC field 45A goods description :

BLEACHED SOFTWOOD KRAFT PULP

QUANTITY: 1000 ADMT

Invoice presented showing BLEACHED SOFTWOOD KRAFT PULP

QUANTITY: 994.781 ADMT

B/L presented showing BLEACHED SOFTWOOD KRAFT PULP

QUANTITY: 994.780  ADMT

ISSUING BANK CLAIMED DISCREPANCY OF :

B/L presented showing QUANTITY 994.780  ADMT instead of

QUANTITY 994.781  ADMT

Please comment whether a TYPING ERROR on B/L in this case is acceptable or not? And whether any ICC opinion, DOCDEX referring this issue.

Thank you for your assistance.

Regards,

Leung KS

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 Camera 360

ANSWER 

Dear Leung,

It is recognized by international standard practice that the quantity of goods in metric ton would be calculated or rounded to two decimal places.  So, the quantity shown in the invoice  and the bill of lading in this case should be 994.78 ADMT.

The fact that the bill of lading shows 994.780 ADMT and the invoice shows 994.781 ADMT does not make them conflict. Therefore, in my opinion, there is no discrepancy in this respect.

Regarding decimal places there have been ICC opinions and DOCDEX decision. I would like to quote here for your reference:

R218:

Regarding gross weight differs in bill of lading from other documents, ICC concludes: “Rounding-off the gross weight in this case (bill of lading showing gross weight 44.595 and other documents showing 44,595.2) CANNOT BE CONSIDERED AS INCONSISTENCY AMONGST THE DOCUMENTS [emphasis added].

DOCDEX Decision No. 241:

Regarding the case where the gross weight of all the packing lists, when added up, amounted to 1627.7 kg. The airway bill indicated a weight of 1627.0 kg. On this point the experts expressed different views. However, the decision is a majority one that there was no discrepancy.

Hope my answer is helpful.

Kind regards,

Mr. Old Man

P/S: Kn Chan: Thank you for reminding me of R218

 

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2 Comments

  1. Kn Chan

    July 13, 2014 at 10:47 am

    Hi there
    There is no discrepancy. you can also refer R218 :

    Part of R218 contents for your reference
    Quote

    Issue 2
    Conclusion
    Rounding-off the gross weight in this case (bill of lading showing gross weight 44.595 and other documents showing 44,595.2) cannot be considered as an inconsistency amongst the documents.

    Unquote

    Best regards
    Kn Chan

    Reply

    • mroldman

      July 13, 2014 at 10:53 am

      Good reference. Thanks Kn Chan. I’ll edit my answer adding R218.

      Reply

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