LC called for copy of B/L
My questions are :
(a)Does copy of B/L needs to have onboard notation.
(B)Does copy of B/L is the replica of original B/L or Photocopy of original B/L
(C)Does carrier needs to be identified on copy of B/L.
(D)Does copy of B/L should evidnece ocean vessel name.
Happy new year to all chinese friends ... Tiger year.
As stated below in other comments, if the LC requires a copy of B/L, without giving any indication as to what the documents is to evidence, the bank may accept such documents without reference to the relevant UCP600 transport articles.
However, on the basis that what is expected is likely to be either a photocopy of the original B/L or a non-negotiable copy of the original B/L, the only information that is likely to be missing from such "copy" would (in the case of a non-negotiable copy of B/L) be a dated "on board" notation, if the B/L has been issued as a "received for shipment" B/L, and perhaps the carrier/agent's signature, and date of issuance if issued as an "on board" B/L. Being a copy of the original B/L, I cannot see the likelihood in either case, for the omission of details such as carier's name, name of vessel, etc.
However, the omission of these details (which I think is unlikely) would not necessarily in itself, give rise to discrepancies. Rather, any valid discrepancies are likely to asserted arising from inconsistency of data between the LC and the copy document, specifically regarding details not covered by the transport articles, such as for example, ports of loading/discharge, consignee, date of shipment (if shown), partshipment/transhipment, etc.
Art 17 d is regulating the presentation of a copy of....., in this case a bill of lading. So you have to check all details as an original.
Other comments appreciated
UCP art 17 d would not be apply for this case,
Per ISBP para 20 : Copies of transport documents are not transport documents for the purpose of UCP
600 articles 19-25 and sub-article 14(c). The UCP 600 transport articles apply where
there are original transport documents presented. Where a credit allows for the
presentation of a copy transport document rather than an original, the credit must
explicitly state the details to be shown. Where copies (non-negotiable) are presented,
they need not evidence signature, dates, etc.
Therefore, copy of B/L need not to show onboard date, carrier, ocean vessel, all these apply to original B/L.
Moreover copies need not be signed and dated.
if the l/c calls for a copy of bill of lading, this document will be checked as per l/c data, port of loading and discharge, on board notation, carrier's name, goods description, etc. No signature is necessary as it is not useful. Otherwise you could present a blank paper, no'
Other comments appreciated
Dear sir ,
kindly please clarify me that could we transfer def L/C to sec ben as at sight L/C ?
Thanks and Regards
Normally transferring bank indicates that the settlement of the transferred amount will occur when proceeds received from issuing bank. But you could change any term, by evalutating the risks and against agreement of the beneficiaries, In you case you "pay" and you will obtain refund in the future. Every thing is possible, but you have to calculate any risks.
Other comments , please
Dear Mr Ciao,
Thanks for your help and kind attention , if the prime L/C is at sight , could we transfer by def payment condition?and also could you please help me Regarding to negotiation of docs in transferable L/C .
WOULD APPRECIATE FOR YOUR KIND COOPERATION .
No, this is not permissible under UCP600; that is to say, were the transferring bank to transfer on this basis,it would not be protected by the UCP600.
However, that is not to say that the transferring bank could not agree to pay at sight by discounting the procceds due under documents negotiated by the transferring bank, in compliance.
No, UCP600 article 39g is clear about what the first beneficiary can ask the transferring bank to do. You cannot re-invent the L/C. An earlier post suggesting that you can change anything in the L/C is not correct.