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WHERE TWO SETS OF DOCUMENTS ARE PRESENTED UNDER ONE COVERING LETTER

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QUESTION

Dear Mr. Old Man,

The L/C allows partial shipments. Two sets of documents are presented under one covering letter for full claim amount. However, one set is compliant while the other is discrepant.

QUESTIONS

1. Can the beneficiary make such a combined presentation?
2. Can the issuing bank refuse two sets of documents because one set does not complying or just refuse the discrepant set and pay the complying one?
3. Is there any ICC opinion on this case?

Thank you.
H.
………………….

ANSWER

1. Yes. However, it is advisable for the beneficiary to present sets of documents under separate covering letters to avoid payment delay where one set complies and the other does not.
2. The issuing bank can refuse the set which does not comply and must honour the compliant one.
3. Yes. Please refer to R670/TA581rev. Here is their related conclusion:

QUOTE
Where multiple presentations are made on the same day under the same L/C, a presenter would be well advised to create individual schedules in order to avoid any potential delays in situations where some presentations comply and others do not.
Where more than one complete presentation of documents is made under one cover letter or schedule for the full amount of all the presentations, the presenter should be advised of the discrepancies in respect of the presentation(s) that do not comply. An issuing bank or nominated bank may request the beneficiary or presenter to provide agreement for the settlement of individual amounts for those presentation(s) that do comply. This does not negate the issuing or confirming bank's obligation to honour the presentation(s) of documents that do comply.
UNQUOTE
.
Best regards,
Mr. Old Man

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3 Comments

  1. anonymous

    October 12, 2012 at 5:10 pm

    Anonymous writes:Dear Mr Old Man,Khi doc conclusion cua R670/TA581rev, em rat muon tham khao case nay, nhung search khong thay tai lieu, anh co the attach them duoc khong ah?Con 02 van de nua,em muon hoi y kien cua anh, mong anh giup do.1.Tren B/L the hien o muc On board Notation nhu sau:'P AND T TRANSPORTATION AS SHIPPING AGENT OF NAMSUNG SHIPPING AS CARRIER'Sau do ky ten va dong dau, con dau thi the hien la 'P AND T TRANSPORTATION LTD'. Nhu vay co tao nen mot diem khac biet khong anh? Vi 'LTD' the hien loai hinh, ban chat mot cong ty. Vi chung tu hang xuat nen ben em can than yeu cau hang tau sua lai cho day du, nhung em van muon biet diem nay co tao nen mot bat hop le tren B/l ? Neu khong thi nen dua vao dau de xac nhan la khong tao thanh BHL.2. LC quy dinh ten BEN va APP deu co tu 'M/S' phia truoc ten cong ty, no cung mang y nghia the hien ban chat cong ty nhung da so chung tu, ten cua APP va Ben deu khong co tu 'M/S', ngay ca muc Notify party tren B/L cung khong the hien 'M/S' phia truoc applicant. Nhu vay co tao thanh BHL khong? Neu tren B/L van co 'M/S' nhu LC nhung cac chung tu khac ca ten Applicant va Ben deu khong the hien, nhu vay co sao khong anh?Em cam on anh nhieu va hy vong nhan duoc su phan hoi tu anh. Chuc anh luon vui va thanh cong trong cong viec!Rgds,T.H

    Reply

  2. mroldmanvcb

    October 13, 2012 at 2:10 pm

    1. Không. Dựa vào common sense.2. Không. M/S là viết tắt của Messrs – hình thức số nhiều của Mr. trong tiếng Pháp. Tương tự như việc bạn gọi tôi là Mr. Old Man hay đơn giản chỉ là Old Man.

    Reply

  3. anonymous

    October 15, 2012 at 8:10 am

    T.H writes:Dear Mr Old Man,Em cung co suy nghi nhu vay nhung van hy vong nhan duoc loi khuyen tu anh de chac chan hon, em cam on anh nhieu! Chuc anh mot tuan moi cong viec thuan loiRgds,T.H

    Reply

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