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2 New ICC Opinions approved by the ICC Banking Commission
by Kim Sindberg | April 13, 2024This week the ICC met – virtually and in Paris. During the session discussing the new Draft Opinions 2 new ICC Opinions were approved. Those have just been circulated to the ICC National Committees.
First, ICC Opinion TA935rev was approved after resubmission.
The core information in the query is:
LC information:
The LC required presentation of a bill of lading, and further indicated:
44F: Port of Discharge: CAT LAI PORT, HOCHIMINH CITY, VIETNAM
Presentation information:
Port of Discharge: HOCHIMINH CITY, VIETNAM
Place of Delivery: CAT LAI PORT, HOCHIMINH CITY, VIETNAM
The presentation was refused on the basis that the “BILL OF LADING SHOWING 'CAT LAI PORT' AS PLACE OF DELIVERY I/O AS PORT OF DISCHARGE WITHOUT NOTATION EVIDENCING PORT OF DISCHARGE IS 'CAT LAI PORT'”
The question asked is if this is a valid discrepancy.
The answer from the ICC is that it is a valid discrepancy.
Second, ICC Opiniion TA940 was also approved. The query related to a guarantee issued subject to URDG 758 and wh >... Read The Full Post