Letter of Credit Forum

As an advising bnak you should not encourage to put this condition in the L/C ...

Those conditions are vague for FCR.

Regards!!!!

Mujeeb :-) 

An FCR is essentially a "receipt", (not a contract of carriage) for the goods, and is not subject to any of the "transport" articles in the UCP. Therefore, information on the LC such as latest date of shipment, partial shipment/transhipment, ports of loading/discharge, etc, are all irrelevant for the purpose of determining compliance of the FCR under the LC, even if suc information is inserted into the FCR.

To address the requirement of partshipments and latest shipment date, the LC could be drafted to refer to"partial drawings" and could require a latest date of "issuance" of the FCR. If the default presentation period time limit of 21 days is to be imposed, this must be expressly stated to be calculated from the date of the FCR.

Para 19 of ISBP also provides guidance on this point