payment credit under deferred payment or maturity payment acceptance promise

Payment credit under deferred payment or maturity

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payment credit under deferred payment or maturity payment; acceptance (promise against bills of exchange) together with payment at maturity under acceptance credit. Articles of UCP 600 (21-39) UCP 600 - Article 21 Non-Negotiable Sea Waybill a. A non-negotiable sea waybill, however named, must appear to: i. indicate the name of the carrier and be signed by: the carrier or a named agent for or on behalf of the carrier, or the master or a named agent for or on behalf of the master. Page | 4
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Uniform Customs and Practices 600 Any signature by the carrier, master or agent must be identified as that of the carrier, master or agent. Any signature by an agent must indicate whether the agent has signed for or on behalf of the carrier or for or on behalf of the master. ii. indicate that the goods have been shipped on board a named vessel at the port of loading stated in the credit by: pre-printed wording, or an on board notation indicating the date on which the goods have been shipped on board. The date of issuance of the non-negotiable sea waybill will be deemed to be the date of shipment unless the non-negotiable sea waybill contains an on board notation indicating the date of shipment, in which case the date stated in the on board notation will be deemed to be the date of shipment. If the non-negotiable sea waybill contains the indication "intended vessel" or similar qualification in relation to the name of the vessel, an on board notation indicating the date of shipment and the name of the actual vessel is required. iii. indicate shipment from the port of loading to the port of discharge stated in the credit. If the non-negotiable sea waybill does not indicate the port of loading stated in the credit as the port of loading, or if it contains the indication "intended" or similar qualification in relation to the port of loading, an on board notation indicating the port of loading as stated in the credit, the date of shipment and the name of the vessel is required. This provision applies even when loading on board or shipment on a named vessel is indicated by pre-printed wording on the non-negotiable sea waybill. iv. be the sole original non-negotiable sea waybill or, if issued in more than one original, be the full set as indicated on the non-negotiable sea waybill. v. contain terms and conditions of carriage or make reference to another source containing the terms and conditions of carriage (short form or blank back non- negotiable sea waybill). Contents of terms and conditions of carriage will not be examined. vi. contain no indication that it is subject to a charter party. b. For the purpose of this article, transhipment means unloading from one vessel and reloading to another vessel during the carriage from the port of loading to the port of discharge stated in the credit.
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