The Open LC Community for and by LC Specialists

[Home]

Inside lcviews.com

 
Library

 

Who's Who in LC World

 

Single Window

 

High Profile

 

Global

 

Devil lies in the detail

 

Eye of the hurricane

 

Traders corner

 

LC Action

 

Contact and Editorial Board

 

Inter-web tour

 

  SWQ_14
5
.12.2007
Consignee differs on B/L and C/O
  Question: Name: Malik

I have received one discrepancy advice from a bank: Consignee differs on B/L and C/O.

On the B/L as consignee we mentioned "xyz bank" as per LC terms

On the C/O & Invoice, we mentioned applicant's name as consignee

Is this really a discrepancy? Please explain

Thanks in advance,

Regards,

Malik

 

 
  Answer
(f
rom Kim Christensen)
Dear Malik,

Thanks for using the single window.

It is s a bit sad that we still see such discrepancies. The example you mention has been part of "ISBP" since it was published in 2002.

I quote you the text from the 2007 version:

Paragraph 184:

"Consignee information, if shown, must not be in conflict with the consignee information in the transport document. However, if a credit requires a transport document to be issued "to order", "to the order of shipper", "to order of the issuing bank" or "consigned to the issuing bank", the certificate of origin may show the applicant of the credit, or another party named therein, as consignee. If a credit has been transferred, the name of the first beneficiary as consignee would also be acceptable"

For UCP 600 this has actually been used to exemplify sub-article 14 (d).

This sub-article reads:

"Data in a document, when read in context with the credit, the document itself and international standard banking practice, need not be identical to, but must not conflict with, data in that document, any other stipulated document or the credit"

The explanation from the UCP 600 Drafting group reads:

"For example, data concerning the consignee in a certificate of origin that differs from he consignee data in the bill of lading would not be considered as being in conflict"

(From "Commentary on UCP 600" page 64)

If you pass this on the issuing bank - I am sure they will accept the documents.

I hope this helps you.

Thanks

Kim Christensen