On the banking commission meeting in Paris 24+25 October 2007 ICC Opinion TA.635 was approved - with only linguistic changes. This means that the position on this particular case is as stated in the newsletter by Gary Collyer:

http://www.coastlinesolutions.com/news11.htm

I.e. that newsletter - ICC Opinion TA635rev as well as the relevant section of "Commentary on UCP 600" describes the practice on this going forward.

The precise practice will be analysed further later on in lcviews.com. It is our impression that the practice will be very close to that of UCP 500. However not necessarily 100% identical. While writing these lines we are not totally clear on how practice will change exactly - so the best advice at this point it time is to stick to the UCP 500 rule:

If the bill of lading indicates a place of receipt or taking in charge different from the port of loading, the on board notation must also include the port of loading stipulated in the Credit and the name of the vessel on which the goods have been loaded, even if they have been loaded on the vessel named in the bill of lading. This provision also applies whenever loading on board the vessel is indicated by pre-printed wording on the bill of lading