Partial Shipment Vs Partial Drawing in UCP

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iLC
Posts: 504
Joined: Thu Jun 26, 2008 10:33 pm

Partial Shipment Vs Partial Drawing in UCP

Post by iLC » Sat Sep 06, 2008 11:08 pm

Dear Mates,

i will appreciate your comments on the following. Letter of credit subject to UCP600 shows -

Partial shipment - Allowed

under 47A it shows partial drawing not allowed.

what is your opinion. i think the credit is ambiguous.

iLC

Md.zakir Hossen
Posts: 129
Joined: Tue May 20, 2008 10:14 pm

Re: Partial Shipment Vs Partial Drawing in UCP

Post by Md.zakir Hossen » Sat Sep 06, 2008 11:42 pm

Dear ILC,
I do not consider it ambiguous.It happen.
I will invite Nesar opinion in this regard.I think he will give narrative answer.

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nesarul
Posts: 513
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First Name: Nesarul
Last Name: Hoque
Organization: Mutual Trust Bank
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Location: Bangladesh

Re: Partial Shipment Vs Partial Drawing in UCP

Post by nesarul » Sun Sep 07, 2008 12:57 pm

Dear all,
i have found some cases in my branch as follows:
the beneficiary has shppied the goods under three separate bill of lading with three diferrent vessel within stipulated shipment date of the credit(so partial shipment allowed).
but the beneficiary combined all of the shipping document under a bill of exchange(so no partial drawing)
.
regards
nesar

jmitra
Posts: 247
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First Name: jasmit
Last Name: mitra
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Re: Partial Shipment Vs Partial Drawing in UCP

Post by jmitra » Sun Sep 07, 2008 9:01 pm

i agree with the answer

regards

mitra

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