ISBP 745 Pagagraph L6 Is Wrong
Posted: Thu Aug 21, 2014 5:53 pm
This para is wrong:
ISBP 745 L6 A certificate of origin may indicate as the consignor or exporter an entity other than
the beneficiary of the credit or the shipper as shown on any other stipulated
document.
Reason : Certificate of origin generally issued by beneficiary. for example in case of transfer documentary credit. Certificate of origin may be required to show cosignor as beneficiary.
other comments are appreciated.
Brgds
ISBP 745 L6 A certificate of origin may indicate as the consignor or exporter an entity other than
the beneficiary of the credit or the shipper as shown on any other stipulated
document.
Reason : Certificate of origin generally issued by beneficiary. for example in case of transfer documentary credit. Certificate of origin may be required to show cosignor as beneficiary.
other comments are appreciated.
Brgds