Home Uncategorized WHERE A CERTIFICATE OF QUANTITY DOES NOT FULFIL ITS FUNCTION

WHERE A CERTIFICATE OF QUANTITY DOES NOT FULFIL ITS FUNCTION

2 min read
1
0
1,670

 

Quantity

QUESTION

Dear Mr. Old Man,

LC requires among other documents “Certificate of quality and quantity…”

A certificate of quality and quantity presented indicates the invoice number and states that the quality is A grade. However, it contains no information about the quantity of the goods.

Is the presented certificate acceptable?

Thank you.

DD

————

ANSWER

Hi,

I’m afraid not.

Regarding certificates such as certificate of analysis, certificate of inspection, certificate of health, certificate of phytosanitary, certificate of quality, certificate of quantity and other certificates, ISBP paragraph Q1 says: “When a credit requires the presentation of such a certificate, this will be satisfied by the presentation of a signed document titled as called for in the credit, or bearing a similar title or untitled, that fulfils its function by certifying the outcome of the required action, for example, the results of the analysis, inspection, health, phytosanitary, quantity or quality assessment”.

In view of the above provision, notwithstanding that it contains the invoice number, the presented certificate of quality and quantity is deemed not to fulfil its function as it does not certify or state the quantity of the goods.

Kind regards,

Mr. Old Man

Load More Related Articles
  • Letter Of Credit Scam In The Form Of MT710

      Letter Of Credit Scam In The Form Of MT710 By Huu Duc Nguyen (https://www.tradeserv…
  • ON BOARD NOTATION

    QUESTION Dear Mr. Old Man, Another disagreement that I have on a on board notation. LC 44E…
  • ON BOARD NOTATION

    QUESTION Dear Mr. Old Man, Another disagreement that I have on a on board notation. LC 44E…
Load More By Mr Old Man
Load More In Uncategorized

One Comment

  1. mayakanons

    February 11, 2014 at 11:50 pm

    Reblogged this on My Blog and commented:
    test

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *

Check Also

Letter Of Credit Scam In The Form Of MT710

  Letter Of Credit Scam In The Form Of MT710 By Huu Duc Nguyen (https://www.tradeserv…