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Question: |
Name: Kym
I would like to get your expert answer.
Question is:
In the L/C, beneficiary's name is Happy Toy Ltd. but all the documents show
Happy Toy Limited. because of the difference between Ltd and Limited, bank
come back with a discrepancy. My understanding is that Ltd is abbreviation
of Limited so it is same.
Is it really discrepancy?
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Answer
(from Kim Christensen) |
See ISBP para 6:
The use of generally accepted abbreviations, for example "Ltd"
instead of "Limited", "Int'l" instead of "International", "Co."
instead of "Company", "kgs" or "kos" instead of
"kilos", "Ind" instead of "Industry", "mfr" instead
of "manufacturer" or "mt" instead of "metric tons" -
or vice versa - does not make a doument discrepant.
I trust this fully clarifies.
Best regards
Kim Chrisetensen
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