Need to input LC details in B/L
Post 1 of 5
Do i have to input LC details in my House Bill of Lading?
Or the bank can accept my B/L even if it didnt mention anything about LC?
Or the bank can accept my B/L even if it didnt mention anything about LC?
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07 Aug 2007 22:31
Post 2 of 5
Replying to [NahS]:
Hi!
It's not necessary, if this is NOT clearly requested by LC.
Read You LC conditions carefully.
AAAA
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If there is no mention, for example, that all documents to indicate LC number (its date and name of the issuing bank) then You have no obligation to indicate such info (but if You will it will not be a discrepancy)
BBBB
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If there is such a clause: "documents except commercial invoice not to show LC number, price and value of the goods", then You should not state any mention of LC in B/L (and other docs except invoice). Otherwise this will be a discrepancy.
Just be sure that Your B/L is prepared strictly as per LC terms.
And remember the only rule WHAT IS NOT PROHIBITED IS ALLOWED.
Good luck.
Hi!
It's not necessary, if this is NOT clearly requested by LC.
Read You LC conditions carefully.
AAAA
=====
If there is no mention, for example, that all documents to indicate LC number (its date and name of the issuing bank) then You have no obligation to indicate such info (but if You will it will not be a discrepancy)
BBBB
=====
If there is such a clause: "documents except commercial invoice not to show LC number, price and value of the goods", then You should not state any mention of LC in B/L (and other docs except invoice). Otherwise this will be a discrepancy.
Just be sure that Your B/L is prepared strictly as per LC terms.
And remember the only rule WHAT IS NOT PROHIBITED IS ALLOWED.
Good luck.
08 Aug 2007 03:08
Post 3 of 5
Replying to [NahS]:
Read the L/C details carefully. Follow the instructions when you prepare all the documents, including B/L. If it doesn't specify that L/C be shown on B/L, it's better not to show it. More informations means a bigger chance of errors. Show exactly as required by L/C. Not more, not less.
Read the L/C details carefully. Follow the instructions when you prepare all the documents, including B/L. If it doesn't specify that L/C be shown on B/L, it's better not to show it. More informations means a bigger chance of errors. Show exactly as required by L/C. Not more, not less.
08 Aug 2007 19:41
Post 4 of 5
Quoting from [NahS]:
Do i have to input LC details in my House Bill of Lading?
Or the bank can accept my B/L even if it didnt mention anything about LC?
The best place to get quality answers to your question is at this website: This way you might better represent your exact question and the type of L/C that you have.
www.sitpro.org.uk
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09 Aug 2007 06:06
Post 5 of 5
Replying to [NahS]:
Do read the LC terms very carefully. The answer to your question should be there in the terms set out in the body of the LC. if it is called for, if you need to mention it in some or all documents, it would be clearly stated there in the LC.
If it is not asked for, better to avoid. "What is not prohibited, is OK" does not apply at all times. [For example, article 68 of the ISBP, ICC Publication No. 645 states "An invoice must not show: (a) over-shipment (except as provided in sub-Article 39.b, or (b) merchandise not called for in the credit (including samples, advertising materials, etc.) even if stated to be free of charge."
Hence. better stick to the LC terms.
Do read the LC terms very carefully. The answer to your question should be there in the terms set out in the body of the LC. if it is called for, if you need to mention it in some or all documents, it would be clearly stated there in the LC.
If it is not asked for, better to avoid. "What is not prohibited, is OK" does not apply at all times. [For example, article 68 of the ISBP, ICC Publication No. 645 states "An invoice must not show: (a) over-shipment (except as provided in sub-Article 39.b, or (b) merchandise not called for in the credit (including samples, advertising materials, etc.) even if stated to be free of charge."
Hence. better stick to the LC terms.
11 Aug 2007 23:13
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