description of Goods in invoice
Apology, this might have been answered a few hundred times.
L/C: Description of goods: Honda Motors.
Invoice issued in a set of 3 pages; On page one showing general invoice related information, addresses, incoterms, amounts and somewhere in there also have these words Honda Motors.
Invoice; Page 2 and 3; Specifically showing the wording "description of goods" under that it has long list of products, e.g. Motorcycle model 123, price, total, et.c
but nowhere it says "Honda motors"
I picked it up as discrepancy, with the thought that the motorcycles, motors, e.t.c are not necessarily confirming that the goods are actually "Honda Motors" they can be anything. since under description of goods there is no mention of the words "honda motors" they could be yamaha or china motors. et.c. for all that we know.
We always consider these import bills to be clean due to good relationship with applicant:and I have a feeling that this minor point is actually not a discrepancy.
Just need some confirmation with valid article perhaps. thanks.
Moh.
thia is good information.
I picked it up as discrepancy, with the thought that the motorcycles,
motors, e.t.c are not necessarily confirming that the goods are actually
"Honda Motors" they can be anything. since under description of goods
there is no mention of the words "honda motors" they could be yamaha or
china motors. et.c. for all that we know.
regards,
phe9oxis,
http://www.guidebuddha.com
Dear Moh,
As you mentioned somewhere the word "Honda Motors" is written.
As per UCP and ISBP, if invoice showing description of goods anywhere on invoice is acceptable.
in this case, no discrepancy.
Dear Moh,
The following articles and paragraphs of UCP & ISBP deals with description of goods:
1.Description of goods, services or performances in the invoice must correspond with the description appearing in
the credit. (Art 18.c of UCP 600).
2.Description of goods stated in the invoice need not be a mirror image of description in the credit. If the
details of goods stated in different areas within the invoice which, when collated together, represents a
description of the goods corresponding in the credit it will be acceptable. (ISBP Para 58)
3.Description of goods in an invoice must reflect the goods actually shipped. For example, if the description of
goods in the credit states ‘5000 black color shirts and 5000 white color shirts’ and the credit permits partial
shipment, the description in invoice can be for the actual goods shipped i,e., ‘5000 black shirts’. Invoice may
also show the entire description of goods as mentioned in the credit and state the goods actually shipped. It will
be acceptable. (ISBP Para 59)
4.If the credit states the trade terms like (CIF, Mumbai) along with the description of goods in the credit and the
source of the term as INCO TERMS 2000, Invoice should state the trade terms along with the description of goods.
(ISBP Para 61) If the description of goods in the credit states 100 Tons of Rice (CIF Durban INCOTERMS 2000),
Invoice should also show the description along with the INCOTERMS.
5.Invoice should not show any merchandise not called in the credit even if stated to be free of charge or trade
samples or advertising materials. Invoice should also not to show any over shipment (ISBP Para 64.b.)
You will have to go through your LC and apply the above principles.
Note: I am writing this with the help of the e-learning software ‘instantLC+’ (www.paramshree.com).
Regards,
Sairam
and Thank you Sairam for such detailed answer.
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