In a DC subject to UCP 600, the issuing bank gave a refusal notice that read: "We refuse payment due to following discrepancies: The commercial invoice and the bill of lading are not consistent with each other. Meanwhile we hold documents at your risk and disposal". Is this refusal notice valid?
If LC does not state that " All docs to show LC number / date ", then it will not be treated as discrepancy. However, you have to mention Desc. of goods as Per LC, this will be a discrepancy.
Documents not consistent
In a DC subject to UCP 600, the issuing bank gave a refusal notice that read: "We refuse payment due to following discrepancies: The commercial invoice and the bill of lading are not consistent with each other. Meanwhile we hold documents at your risk and disposal". Is this refusal notice valid?
Commercial Invoice
If LC does not state that " All docs to show LC number / date ", then it will not be treated as discrepancy. However, you have to mention Desc. of goods as Per LC, this will be a discrepancy.
Imran Umer
IamImranUmer@gmail.com
COMMERCIAL INVOICE
IF THE LC STIPULATE THAT ALL DOCUMENTS TO SHOW LC NO. AND YOU HAVE NOT MENTIONED SO THEN IT IS THE DISCREPANCY.
COMMERCIAL INVOICE TO SHOW DESCRIPTION OF GOODS AS PER FIELD 45A
DOCS ARE DISCREPANT
No mirror image
Hi friends,
ISBP 681 from art 58 on indicates in which way goods description could be conform.
If you want you can quote the description of goods in l/c MT700 field 45, and that on invoice. I think you will receive a punctual answer.
Ciao