sorry if I have done that. It shouldn't stop you from adding your bit. It is a forum for all of us to share our thoughts about whatever we know. May be you could have added a new perspective.
Mr. Catalyst,
Here in below, there's a question about partial shipment. If possible, I'd like to know the main rules of the partial shipment.
Question from CDCS sample test:
A documentary credit for USD 120,000.00 calls for shipment of fertiliser in February, March, April
and May. Each shipment is to be for about 500 tonnes. Shipment was effected as follows:
1. 450 tonnes sent 24 February for value USD 27,000.00.
2. 550 tonnes sent 12 April for value USD 33,000.00.
3. 460 tonnes sent 30 April for value USD 28,000.00.
4. 550 tonnes sent 04 June for value USD 33,000.00.
Which of the above shipments will be honoured on presentation?
A 1 only.
B 1 and 3 only.
C 2 and 4 only.
D 1, 2 and 3 only.
I am still not clear about LC allows partial shipment.
In case of Partial Shipment NOT allowed it needs to ship the order in full.
My doubt is that, in case of "Partial shipment ALLOWED", can we ship the full order BUT in parts, drawing BL/Invoice for each part consignment with split value, and negotiate and draw the payment for each consignment.
kindly clariy
what do you mean send by documents on * or DAbasis?
the example that you give still make me not understanding.
Please advise and more explanation.
Thank you.
Fiza