57UCP 600 – Overview of Article 19UCP 600 Article 19Transport Document Covering at Least Two Different Modes of TransportSee slide 56 for revised transhipment clausesUCP 500 Article 26b.Even if the Credit prohibits transhipment, banks will accept a multimodal transport document which indicates that transhipment will or may take place, provided that the entire carriage is covered by one and the same multimodal transport document.
58UCP 600 – Overview of Article 19UCP 600 Article 19Transport Document Covering at Least Two Different Modes of TransportArticles 19 (b) and (c):b.For the purpose of this article, transhipment means unloading from one means of conveyance and reloading to another means of conveyance (whether or not in different modes of transport) during the carriage from the place of dispatch, taking in charge or shipment to the place of final destination stated in the credit. c.i. A transport document may indicate that the goods will or may be transhipped provided that the entire carriage is covered by one and the same transport document.ii. A transport document indicating that transhipment will or may take place is acceptable, even if the credit prohibits transhipment.
59UCP 600 – Overview of Article 20UCP 600 Article 20Bill of LadingArticle 1 exclude or modifyOn its faceIndicate the carrier - see slide 58Authenticated removedConsistent signing and capacity detailsNo name of masterAt the port of loading stated in the creditUCP 500 Article 23aIf a Credit calls for a bill of lading covering a port-to-port shipment, banks will, unless otherwise stipulated in the Credit, accept a document, however named, which:i.appears on its face to indicate the name of the carrier and to have been signed or otherwise authenticated 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. Any signature or authentication of the carrier or master must be identified as carrier or master, as the case may be. An agent signing or authenticating for the carrier or master must also indicate the name and the capacity of the party, i.e. carrier or master, on whose behalf that agent is acting, and ii.indicates that the goods have been loaded on board, or shipped on a named vessel.
60UCP 600 – Overview of Article 20UCP 600 Article 20Bill of LadingArticle 20 (a) (i):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. 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.
- Fall '16
- Dr Ajape
- Bill of lading, UCP, Nominated Bank