Dear all, according to ISBP21c, “3rd party documents acceptable” means all documents excluding drafts but including invoices may be issued by a party other than the bene.
During my technical advisor's discussion with Gary Collyer, the clause allows invoices and the documents whose issuers have not been specified in the LC to be issued by a 3rd party. In summary, the benefit out of the clause is that invoices may be issued by a 3rd party.
In conclusion, bene certificates must still be issued by the bene even if the LC has the clause.
For example, if an LC accepts 3rd party documents and requires the following documents,
(1) Invoice
(2) Full set BL consigned to order and blank endorsed .....
(3) Insurance certificate in duplicate and blank endorsed .....
(4) Beneficiary's certificate certifying that ......
(5) Certificate of origin issued by Hong Kong Chamber of Commerce
(6) Inspection certificate issued by the manufacturer
(7) Packing list
only the invoice and the packing list may be issued by a 3rd party. The bene certificate has yet to be issued by the bene.
Please comment on the above conclusion.
Regards
ucp800
3rd party documents acceptable
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ucp800
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Navi
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The key statement...
That's it.ucp800 wrote:...the clause allows invoices and the documents whose issuers have not been specified in the LC to be issued by a 3rd party.
Beneficiary certificate is a specific document and required to be issued by beneficiary, obivously cannot be issued by third parties.
regards