However invoices identified as provisional pro forma or the like are not

However invoices identified as provisional pro forma

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However, invoices identified as “provisional”, “pro-However, invoices identified as “provisional”, “pro-forma” or the like are not acceptable. When a creditrequires presentation of a commercial invoice, adocument titled “invoice” will be acceptable.
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INVOICESDescription of the Goods, Services or Performance and other General Issues Related to Invoices58. The description of the goods, services or performance in the invoicemustcorrespondwiththedescriptioninthecredit.Thereisnorequirement for a mirror image. For example, details of the goods maybe stated in a number of areas within the invoice which, when collatedtogether, represent a description of the goods corresponding to that inthe credit.the credit.59. The description of goods, services or performance in an invoice mustreflect what has actually been shipped or provided. For example, wherethere are two types of goods shown in the credit, such as 10 trucks and 5tractors, an invoice that reflects only shipment of 4 trucks would beacceptable provided the credit does not prohibit partial shipment. Aninvoice showing the entire goods description as stated in the credit, thenstating what has actually been shipped, is also acceptable.INVOICESDescription of the Goods, Services or Performance and other General Issues Related to Invoices60. An invoice must evidence the value of the goodsshipped or services or performance provided. Unitprice(s), if any, and currency shown in the invoicemust agree with that shown in the credit. Theinvoice must show any discounts or deductionsinvoice must show any discounts or deductionsrequired in the credit. The invoice may also show adeductioncoveringadvancepayment,discount,etc., not stated in the credit.INVOICESDescription of the Goods, Services or Performance and other General Issues Related to Invoices61. If a trade term is part of the goods description inthe credit, or stated in connection with the amount,the invoice must state the trade term specified, andif the description provides the source of the tradeterm, the same source must be identified (e.g., aterm, the same source must be identified (e.g., acredit term “CIF Singapore Incoterms 2000” wouldnot be satisfied by “CIF Singapore Incoterms”).Charges and costs must be included within thevalue shown against the stated trade term in thecredit and invoice. Any charges and costs shownbeyond this value are not allowed.INVOICESDescription of the Goods, Services or Performance and other General Issues Related to Invoices62. Unless required by the credit, an invoice neednot be signed or dated.63.Thequantityofmerchandise,weightsandmeasurementsshownontheinvoicemustnotconflictwiththesamequantitiesappearingonother documents.
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INVOICES64. An invoice must not show:a. over-shipment (except as provided in UCP 600sub-article 30(b)), orb.merchandisenotcalledforinthecreditb.merchandisenotcalledforinthecredit(including samples, advertising materials, etc.) evenif stated to be free of charge.
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  • Summer '16
  • Md. Nahid Hossain
  • invoice, Bill of lading, UCP

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