International. Standard. Banking Practice. for the Examination of Documenta. under UCP 600

Size: px
Start display at page:

Download "International. Standard. Banking Practice. for the Examination of Documenta. under UCP 600"

Transcription

1 International Standard Banking Practice for the Examination of Documenta under UCP 600 I INTERNAT I KT CHAMBER OF COMMI The world business Organization

2 Contents INTRODUCTION 9 PRELIMINARY CONSIDERATIONS 12 Scope of the publication 12 The credit and amendment application, the issuance of the credit and any amendment thereto 12 A - GENERAL PRINCIPLES 14 Abbreviations 14 Certificates, Certifications, Declarations and Statements 14 Copies of transport documents covered by UCP 600 articles Correction and alteration ("correction") 16 Courier receipt, post receipt and certificate of posting in respect of the sending of documents, notices and the like 17 Dates 17 Documents and the need for completion of a box, field or space 19 Documents for which the UCP 600 transport articles do not apply 19 Expressions not defined in UCP Issuer of documents 21 Language 21 Mathematical caiculations 22 Misspellings or typing errors 22 Multiple pages and attachments or riders 22 Non-documentary conditions and conflict of data 22 Originals and copies 23 Shipping marks 24 Signatures International Cr-amber of Commerce - ICC 3

3 Title of documents and combined documents 26 B - DRAFTS AND CALCULATION OF MATURITY DATE 27 Basic requirement 27 Tenor 27 Maturity date 28 Banking days, grace days. delays in remittance 29 Drawing and signing 29 Amounts 30 Endorsement 31 Correction and alteration ("correction") 31 Drafts drawn on the applicant 31 C - INVOICES 32 Title of invoice 32 Issuer of an invoice 32 Description of the goods, services or Performance and other general issues related to invoices 32 Instalment drawings or shipments 34 D - TRANSPORT DOCUMENT COVERING AT LEAST TWO DIFFERENT MODES OF TRANSPORT ("MULTIMODAL OR COMBINED TRANSPORT DOCUMENT") 36 Application of UCP 600 article Issuance, carrier, identification of the carrier and signing of a multimodal transport document 37 On board notation, date of shipment, place of receipt, dispatch, taking in Charge, port of loading or airport of departure 38 Place of final destination, port of discharge or airport of destination 39 Original multimodal transport document 40 Consignee, order party, shipper and endorsement, and notify party 40 the presentation period when multiple sets of multimodal transport documents are presented 41 Clean multimodal transport document 42 Goods description 42 Indication of name and address of delivery agent at destination 42 4 f 20)3 international Chamber of Commerce - ICC

4 Contents Corrections and alterations ("corrections") 43 Freight and additional costs 43 Release of goods with more than one multimodal transport document to be surrendered 43 E - BILL OF LADING 45 Application of UCP 600 article Issuance, carrier, Identification of the carrier and signing of a bill of lading 45 On board notation, date of shipment, pre-carriage, place of receipt and port of loading 46 Port of discharge 48 Original bill of lading 49 Consignee, order party, shipper and endorsement, and notify party 49 the presentation period when multiple sets of bills of lading are presented 50 Clean bill of lading 51 Goods description 51 Indication of name and address of delivery agent at port of discharge 51 Corrections and alterations ("corrections") 52 Freight and additional costs 52 Release of goods with more than one bill of lading to be surrendered 52 F - NON-NEGOTIABLE SEA WAYBILL 54 Application of UCP 600 article Issuance, carrier, identification of the carrier and signing of a non-negotiable sea waybill 54 On board notation, date of shipment, pre-carriage, place of receipt and port of loading 55 Port of discharge 58 Original non-negotiable sea waybill 58 Consignee, order party, shipper, and notify party 58 the presentation period when multiple sets of non-negotiable sea waybills are presented 59 Clean non-negotiable sea waybill 60 Goods description International Chamber of Commerce - ICC 5

5 Indication of name and address of delivery agent at port of discharge 61 Corrections and alterations ("corrections") 61 Freight and additional costs 61 G - CHARTER PARTY BILL OF LADING 63 Application of UCP 600 article Signing of a charter party bill of lading 63 On board notation, date of shipment, pre-carriage, place of receipt and port of loading 64 Port of discharge 66 Original charter party bill of lading 67 Consignee. order party, shipper and endorsement, and notify party 67 Partial shipment and determining the presentation period when multiple sets of charter party bills of lading are presented 68 Clean charter party bill of lading 68 Goods description 69 Corrections and alterations ("corrections") 69 Freight and additional costs 69 Release of goods with more than one charter party bill of lading to be surrendered 70 Charter party contracts 70 H - AIR TRANSPORT DOCUMENT 71 Application of UCP 600 article Issuance, carrier, Identification of the carrier and signing of an air transport document 71 Goods accepted for carriage, date of shipment and requirement for an actual date of shipment 72 Airports of departure and destination 72 Original of an air transport document 73 Consignee, order party and notify party 73 the presentation period when multiple air transport documents are presented 74 Clean air transport document 74 Goods description 75 Corrections and alterations ("corrections") 75 Freight and additional costs 75 6? 2013 international Chamber of Commerce - ICC

6 Contents J - ROAD, RAIL OR INLAND WATERWAY TRANSPORT DOCUMENTS 77 Application of UCP 600 article Carrier, Identification of the carrier and signing of a road, rail or inland waterway transport document 77 Place of shipment and place of destination 78 Original and duplicate of a road, rail or inland waterway transport document 78 Consignee, order party and notify party 78 the presentation period when multiple road, rail or inland waterway transport documents are presented 79 Clean road, rail or inland waterway transport document 80 Goods description 81 Corrections and alterations ("corrections") 81 Freight 81 K - INSURANCE DOCUMENT AND COVERAGE 82 Application of UCP 600 article Issuer, signing and original of an Insurance document 82 Dates 83 Amount of cover and percentage 84 Risks to be covered 85 Insured party and endorsement 85 General terms and conditions of an insurance document 85 Insurance prervium 86 L - CERTIFICATE OF ORIGIN 87 Basic requirement and fulfilling its function 87 Issuer of a certificate of origin 87 Content of a certificate of origin 88 M - PACKING LIST, NOTE OR SLIP ("PACKING LIST") 89 Basic requirement and fulfilling its function 89 Issuer of a packing list 89 Content of a packing list 89 N - WEICHT LIST, NOTE OR SLIP ("WEICHT LIST") 90 Basic requirement and fulfilling its function 90 Issuer of a weight list 90 Content of a weight list International Chamber of Commer' e - ICC 7

7 P - BENEFICIARY'S CERTIFICATE 91 Basic requirement and fulfilling its function 91 Signing of a beneficiary's certificate 91 Content of a beneficiary's certificate 91 Q - ANALYSIS, INSPECTION, HEALTH, PHYTOSANITARY, QUANTITY, QUALITY AND OTHER CERTIFICATE^ ("CERTIFICATE") 92 Basic requirement and fulfilling its function 92 Issuer of a certificate 92 Contents of a certificate 93 ICC AT A GLANCE 94 ICC BANKING COMMISSION AT A GLANCE 95 8 't 2013 International Chamber of Commerce - ICC