Also an Original written typed perforated or stamped by the document issuers

Also an original written typed perforated or stamped

This preview shows page 6 - 7 out of 9 pages.

Also an Original = written, typed, perforated or stamped by the document issuer’s hand; or on original stationery; or states that it is original L/C requires copies of documents, either originals or copies is acceptable Documents “in duplicate”, “in two fold” or “in two copies”, presentation of at least one original and remaining number in copies is acceptable. 32 SEFB COB Universiti Utara Malaysia BWBB 3063 International Trade & Financing Understanding UCP 600 © SS&AMFAB, 2018 Overview of UCP 600 Article 18 Article 18 - Commercial Invoice (UCP 500 - Art. 37) Invoice amount in excess of L/C - May be accepted by the nominated bank, but must not be honoured or negotiated in excess of L/C amount Issued by beneficiary, made out in the name of applicant, and need not be signed (except as provided in article 38 - Transferable L/C) Description of goods, services or performance must correspond with L/C description Must be in the same currency as L/C NEW 33 SEFB COB Universiti Utara Malaysia BWBB 3063 International Trade & Financing Understanding UCP 600 © SS&AMFAB, 2018 Overview of UCP 600 - Transport Articles UCP 600 UCP 500 19 Transport Document Covering At 26 Multimodal Transport Document Least Two Different Modes of Transport 20 Bill of Lading 23 Marine/Ocean Bill of Lading 21 Non-Negotiable Sea Waybill 24 Non-Negotiable Sea Waybill 22 Charter Party Bill of Lading 25 Charter Party Bill of Lading 23 Air Transport Document 27 Air Transport Document 24 Road, Rail or Inland Waterway 28 Road, Rail or Inland Waterway Transport Documents Transport Documents 25 Courier Receipt, Post Receipt or 29 Courier and Post Receipts Certificate of Posting 34 SEFB COB Universiti Utara Malaysia BWBB 3063 International Trade & Financing Understanding UCP 600 © SS&AMFAB, 2018 Overview of UCP 600 - Transport Articles New SWIFT 700 fields for transport details: 44A Place of Taking in Charge/ Dispatch from / Place of Receipt 44E Port of Loading/ Airport of Departure 44F Port of Discharge/ Airport of Destination 44B Place of Final Destination/ For Transportation to / Place of Delivery 35 SEFB COB Universiti Utara Malaysia BWBB 3063 International Trade & Financing Understanding UCP 600 © SS&AMFAB, 2018 Overview of UCP 600 Article 19 Article 19 - Transport Documents Covering at Least Two Different Modes of Transport (UCP500 - Art. 26) Must appear to indicate name of carrier Signed by carrier, master or named agent If signed by agent, need to specify for whom - carrier or master - it is signed ABC Forwarders 600 As Agent 500 For Master ABC Forwarders 600 As Agent 500 For Master, Takashi Yanagawa 36 SEFB COB Universiti Utara Malaysia BWBB 3063 International Trade & Financing Understanding UCP 600 © SS&AMFAB, 2018 Overview of UCP 600 Article 20 & 21 Article 20 - Bill of Lading (UCP500 - Art. 23) Article 21 - Non-Negotiable Sea Waybill (UCP500 - Art. 24) Must appear to indicate name of carrier Signed by carrier, master or named agent - If signed by master, name of master is not necessary Master 600 500 If signed by agent, need to specify for whom, carrier or master - it is signed ABC Forwarders 600 As Agent 500
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  • Fall '19
  • Bill of lading, UCP, Universiti Utara Malaysia

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