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Will You Allow 1st Beneficiary To Substitute Packing List?

Posted: Thu Jun 11, 2015 9:21 pm
by TradeLaporte
Dear member

Will you allow 1st beneficiary to substitute packing list in a presentation of documents From transferee. Your comments appreciated it

NO

Posted: Fri Jun 12, 2015 1:17 am
by picant
Hi Pal,

I would only indicate to word this document without reference to second beneficiary, in the way to use it for master l/c.
Other comments appreciated
Ciao

Transferred LC

Posted: Thu Jul 02, 2015 3:57 pm
by dinesh2476
Thanks Ciao,

Dear TradeLaporte,

Article 38.
h. The first beneficiary has the right to substitute its own invoice, draft, if any.

So UCP allows the first beneficiary to replace the documents other than invoice and draft. However this should happen with a knowledge of the parties involved.

Thanks & Regards
Dinesh Kumar.

No

Posted: Sat Nov 07, 2015 12:44 pm
by AbulKalam
Hi dear,
As per article 38(h), first beneficiary can only substitute invoice and draft.

Regards
Azad