Respected Sir/Madam,
Please guide me regarding the L/C clause No. 47 A 8 as per latest version of UCP 600, As my Bank from where I am establishing my L/C's mentions in the clause 47 A 8 that if my shipping documents have any discrepancy they will charge the beneficiary of the said L/C US $ 50/= as discrepancy charges.
How far it is correct?
And suppose I give them in writing at the time of receiving my original shipping documents that I will accept the discrepancy, Still they will charge US $ 50/= from the beneficiary of the said L/C ? or they will not charge ?
Please guide me.
With best regards.
Afzal.
Karachi
yes
See Here for a free copy of UCPDC 600- http://www.chelinvest.ru/corp/currency/UCP_600_2007_208751_v1.pdf
UCP 600 is a set of rules published by the International Chamber of Commerce (ICC) and is not typically available for free download. You can purchase a copy from the ICC's website or other authorized distributors.
I dont know, if anybody know pls inform here pls...
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The main provisions is me not u me!!
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If we talk according to the enginerring and it then comsats and if we talk according to business administration then ucp. But overall comsats is better and if you want to go to business administration,commerce and economics then umt is better option or lse lahore