goods and beneficiarys address Decision No 260 162 ISBP paragraph 13 UCP 500

Goods and beneficiarys address decision no 260 162

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goods and beneficiary’s addressDecision No. 260.............................................................................................162ISBP paragraph 13, UCP 500 sub-articles 9(a)(iv) and 14(d)(ii)In which circumstances is the date for a draft required? May a draft beendorsed in any manner? Did the address on the invoice conflict with the L/C?Decision No. 261..............................................................................................166UCP 500 articles 21 and 15; sub-articles 20(a), 14(d)(i) and 10(d); ISBP 645 paragraph 10The validity of the discrepancies in rejecting a reimbursement claim by the con-firming bank; the cessation, if any, of the confirming bank’s duty to negotiate thedocuments without recourse; the validity of the rejection notices by the issuingbank; the impact of the negotiation by the confirming bank five days after trans-mitting the documents to the issuing bank on the reimbursement claimDecision No. 262.............................................................................................172UCP 500, sub-articles 37(c), 14(e), 14(d) and 14(d)(ii)Whether the description in the invoice, the certificate of quantity and thecertificate of quality corresponded with that in the credit; whether anabbreviation in the invoice is generally recognized in international stan-dard banking practice; whether a holiday or non-holiday date created adiscrepancy Decision No. 263..............................................................................................179UCP 500 articles 21 and 12; sub-articles 13(c) and 5(a)Whether language in a shipping pre-advice was vague and unclear when itstated that the shipping pre-advice had to contain a confirmation/evidence“showing that it has been delivered seven days before cargo receipt date to[applicant], via [Respondent] as L/C opening bank”; whether the fact that theInitiator opposed a discrepancy raised by the Respondent two months afterthe documents’ rejection message detracts from the Initiator’s right to have alawful claim
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Decision No. 264.............................................................................................188UCP 500 sub-articles 9(d)(ii) and 10(d)A series of questions concerning a standby L/C concerning, among others,(i) whether a standby is only appropriate in a default situation; (ii) whetheran issuing bank can “recall” an amendment; (iii) whether the issuing bankhas an independent undertaking to reimburse the nominated and confirm-ing bank; (iv) whether the confirming bank has its own and independentundertaking to pay the beneficiary upon a compliant presentationDecision No. 265..............................................................................................191UCP 500 sub-articles 13(a) and articles 21 and 13; ISBP 645 paragraph 28Where the container number details differ in some respects from the numberon the B/L; where the beneficiary’s stamp showed an address different fromthat on the L/C in the commercial invoice, packing list and B/L endorsement Decision No. 266..............................................................................................195URDG 458 articles 7 and 9; sub-article 20(a)Was the absence of the reference to the contract number in the invoice a valid rea-son to reject the demands for payment? Was the difference between the descriptionof the goods on the invoices and their description in the guarantees a valid reasonto reject the demands for payment? Was the place of taking over the goods as indi-cated in the CMRs a discrepancy? Was the absence of the signature of the carrier ontwo CMRs a valid discrepancy? Was the difference between the truck number shownon one invoice and the one on the corresponding CMR a valid discrepancy?
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  • Spring '17
  • D.Casiano
  • ........., Trade finance, Letter of credit, initiator, UCP

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