Inconsistency on Cert of quality and quantity
-
- Posts: 50
- Joined: Mon Jan 18, 2010 10:51 am
- First Name: Tracy
- Last Name: Tracy
- Organization: MB
- Filter: Two Plus Two =: 4
Inconsistency on Cert of quality and quantity
L/C stipulates name of goods as fabric and quality as 90% cotton. L/C also asks for certificate of quality issued by SGS. In the presented SGS document, the issuing bank notices that the result of the survey is 80% cotton. Can the issuing bank treat this as a discrepancy?
- berry
- Posts: 329
- Joined: Fri Nov 07, 2008 11:36 pm
of course
of course its a discrepancy.
article 14 of UCP 600
article 14 of UCP 600
d. Data in a document, when read in context with the credit, the document itself and international standard banking practice, need not be identical to, but must not conflict with, data in that document, any other stipulated document or the credit.