Escolar Documentos
Profissional Documentos
Cultura Documentos
600
By
K. RAJASEKARAN
Ex-AGM: GLOBAL TRUST BANK LTD
Ex-Trainer: STATE BANK OF
TRAVANCORE
named or described,
that is irrevocable and
thereby constitutes a definite undertaking
of the issuing bank
to honour a complying presentation. (Art.
2)
authorization.
Art.13 b (iii) : Issuing bank is liable to pay interest for delay in
payment by reimbursing bank
Art. 14 b : Nominated Bank/ Confirming Bank/ Issuing Bank each
will have 5 banking days to examine the documents
Art. 14 c : Documents should be submitted not later than 21 days
from date of shipment (but within the validity of LC)
Art. 14 d : Data in a document should conform to the terms of
credit, ISBP and should not be in conflict with other documents.
Art. 14 e & 18 c : Description of goods in invoice should tally with
LC
Art. 14 (i) : Invoice/ other document can be dated prior to LC
Art. 14 (j) : Address of beneficiary/ applicant need not tally with
the address in the LC (but should be within the same country)
UCP 600
Art.30 : Tolerance for Credit Amount,
UCP 600
Art.31 b: B/L with different dates of shipment
(but all consignments going by the same
ship) will not be treated as part shipment.
Art. 31 c: Courier receipts (evidencing
shipment thro courier) bearing same date,
stamp of same post office, same place will
not be treated as part shipment
Art. 33 : Bank has no obligation to accept
presentation of documents outside its
banking hours.
UCP 600
Art. 34 : Bank assumes no liability for
UCP 600
Art. 38 d : A transferred LC cannot be transferred