Isbp P821e [PDF]

Zitiervorschau

ISBP P821E Effective July 1st, 2023

The review has now been completed and 9 Opinions were recognized as containing content that would be meaningful for addition within ISBP 745. These comprised: Page 1 of 9

1

New Preliminary Consideration (paragraph viii) stating that the absence of a credit reference number, or the mistyping of a credit reference number, on a document is not a valid reason for refusal. (Opinion 876rev)

Page 2 of 9

2

New Preliminary Consideration (paragraph ix) providing that administrative conditions such as a requirement for an additional photocopy of all documents, or a statement that all documents may not be stapled, should not be incorporated by an issuing bank in a credit. (Opinion 915rev) Page 3 of 9

3

“Industries” has paragraph A1 (Opinion 837rev)

been added to (Abbreviations).

4

A new paragraph (A17 (b)) has been added stating that there is no requirement for the applicant’s name, address and contact details (if any) to appear in a specific box, field, or space on an invoice. (Opinion 818rev) Page 4 of 9

5

A new paragraph (A31 (b)) has been added stating that copies of documents need not be signed and move existing A31 (b) to A31 (c). (Opinion 842rev3)

Page 5 of 9

6

A new paragraph (C7) has been added providing that an invoice presented under an LC issued in USD, bearing only the “$‟ sign without further qualification, fulfils the requirement of UCP 600 sub-article 18 (a) (iii) unless data in the invoice itself, or another presented document, implies that the “$‟ sign may refer to a currency other than USD. (Opinion 814rev4) Page 6 of 9

7

New paragraphs (D5 (e), E5 (e), F4 (e)) have been added stating that the signature of the master (captain) may be accompanied by a stamp that incorporates the name of the vessel. (Opinion 813)

Page 7 of 9

8

A new paragraph (G4 (c)) has been added stating that the signature of the master (captain) may be accompanied by a stamp that incorporates the name of the vessel. (Opinion 836rev)

Page 8 of 9

9

A new paragraph (K2 (b)) has been added stating that UCP 600 does not require that an agent or proxy is to be named in an insurance document and move existing paragraph K2 (b) to K2 (c). (Opinion 835rev) Click here to get your ISBP P821E book or ebook.

Page 9 of 9