Could you please give me anyone relevant atricle on UCP 600 and ISBP that if partial shipment is not mentioned on tle letter of credit permitted or forbidden
does it mean it is allowed
thanks in advance
Ä°f partial shipment is not mentioned on L/C
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icc publ. 601 Commentary
Hi Pal,
In Commentary on UCP 600, art 31 is written:
-Sub-article (a) creates the rule that partial drawings or shipments are allowed even when the credit is silent on this point.-
Other comments appreciated
Ciao
In Commentary on UCP 600, art 31 is written:
-Sub-article (a) creates the rule that partial drawings or shipments are allowed even when the credit is silent on this point.-
Other comments appreciated
Ciao
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if partial shipment is not mentioned on L/C
thank you Ciao /Picant
you made it is clear if anybody know any other rule relevant with that subject can inform us (for example any indication on ISBP ) thanks again
you made it is clear if anybody know any other rule relevant with that subject can inform us (for example any indication on ISBP ) thanks again
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Ä°f partial shipment is not mentioned on L/C
If L/C does not mention on partial shipment allowed or not allowed, partial shipment may effect. If L/C want to prohibit something, it must stipulates clearly.
Trang
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if partial shipment is not mentioned on L/C
Hi Edilee
Art.31 of UCP clearly states that partial shipments are allowed.
I dont think there is any relevant article in ISBP.
rgds
Subha
Art.31 of UCP clearly states that partial shipments are allowed.
I dont think there is any relevant article in ISBP.
rgds
Subha
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If the credit is available only with the issuing bank but pl
UCP 600 article 2 stipulates that: "Nominated bank means the bank with the credit is available or any bank in the case of a credit available with any bank". According to this definition, a credit available only with the issuing bank, but place of expiry is another bank, that another bank is not a nominated bank. In this case, the issuing bank is also the nominated bank.