| The payment condition is a sight bill as per a credit term, requiring a air cargo shipping invoice and the consignee is H bank which is a opening bank. It also requires one original certificate of weight and three copies. Upon receiving the documents related to the credit, the opening bank found out there is a one original cargo shipping invoice and three copies with all the weight indication but there wasn't a separate certificate of weight so the bank reject payment declaring non-presented certificate of weight.
Case study
1. Certificate of weight
A certificate of weight may be issued by a seller or the weight can be confirmed by other special organizations. So a certificate of weight is not a essential requirement for a credit.
2. Presenting a certificate of weight
According to the U.C.P., when products are using marine transporting, unless a certificate of weight is not separately requested, it can be received if there is a weight indication on a shipping invoice or a stamp showing weight indication. (The Article 38 of U.C.P. 500).
With a marine transportation, a certificate of weight is required to presented in a separate document but for other methods of transportations, the certificate of weight can be substitute with a weight indication on a shipping document.
|
Trade Helper 
Claim . Unpaid Cases 
38-Other documents
2006 - 2011 tradegoods.com All right reserved