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.
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A UCP bearing, or "UCP pillow block bearing," is a type of bearing unit that consists of a bearing mounted in a housing, which is designed to provide support for a rotating shaft. The "UCP" designation indicates that the unit features a specific type of housing that allows for easy mounting and alignment. UCP bearings are commonly used in various applications, including conveyors, agricultural machinery, and industrial equipment, due to their durability and ease of installation. They typically accommodate a shaft diameter of varying sizes and facilitate smooth rotational movement while minimizing friction.
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