Isbp 745

ISBP745
From:JOLIVETWhitney[mailto:whitney.jolivet@iccwbo.org]
Sent:Tuesday,June11,20134:40PM
To:AllNCs
Cc:SENECHALThierry;COLLYERGary
Subject:OverturnedICCOpinionsfollowingISBP2013revision
BankingCommission
NotetoBankingCommissionmembers,nationalcommitteesandgroups
DearSir,Madam,
As you will all be aware, the final draft of the International Standard Banking Practice (ISBP) was
approvedat theBanking CommissionmeetingheldinLisbon on17April, 2013.TheICCbookletofthe
samename,whichwillbearICCpublicationnumber745,shouldbeavailablefromICCPublishingbytheendof
JuneorearlyJuly.
NationalCommitteesandmembersoftheBankingCommissionarerequestedtonotethattheagreedtextofISBP
2013revisededition(publicationNo.745)containstwopracticesthatdifferfrompreviouslyagreedpositionsthat
have been published as ICC Opinions. These are Opinions R751 (TA735rev) and R766 (TA709rev). These
OpinionsappearintheICCbookletICCBankingCommissionOpinions20092011,publicationNo.732.
Foryourinformation,OpinionR751issupersededbythepracticesdescribedinparagraphsD1(c)andE1(a).For
R766,thisOpinionissupersededbythepracticedescribedinparagraphK10(c).ThesetwoOpinionsaretobe
consideredwithdrawnwithimmediateeffect.
Bestregards,
Thierry
ThierrySenechal
SeniorPolicyManager
ExecutiveSecretary,BankingCommission
InternationalChamberofCommerce(ICC)
38CoursAlbert1erI75008ParisIFrance
Tel:+33149532898
Mobile:+33786226102
Email:thierry.senechal@iccwbo.org
Website:www.iccwbo.org
ISBP
FortheExaminationofDocumentsunderUCP600
PRELIMINARYCONSIDERATIONS
Scopeofthepublication
i) ThispublicationistobereadinconjunctionwithUCP600andnotinisolation.
ii) ThepracticesdescribedinthispublicationhighlighthowthearticlesofUCP600aretobeinterpretedand
applied, to the extent that the terms and conditions of the credit, or any amendment thereto, do not
expresslymodifyorexcludeanapplicablearticleinUCP600.
Thecreditandamendmentapplication,theissuanceofthecreditandanyamendmentthereto
iii) Thetermsandconditionsofacreditandanyamendmenttheretoareindependentoftheunderlyingsaleor
other contract even if the credit or amendment expressly refers to that sale or other contract. When
agreeing the terms of the sale or other contract, the parties thereto should be aware of the ensuing
implicationsforthecompletionofthecreditoramendmentapplication.
iv) Manyoftheproblemsthatariseatthedocumentexaminationstagecouldbeavoidedorresolvedbythe
respectivepartiesthroughcarefulattentiontodetailinthecreditoramendmentapplicationandissuance
of the credit or any amendment thereto. The applicant and beneficiary should carefully consider the
documentsrequiredforpresentation,bywhomtheyaretobeissued,theirdatacontentandthetimeframe
inwhichtheyaretobepresented.
v) Theapplicantbearstheriskofanyambiguityinitsinstructionstoissueoramendacredit.Anissuing
bank may, unless the applicant expressly instructs to the contrary, supplement or develop those
instructionsinamannernecessaryordesirabletopermittheuseofthecreditoranyamendmentthereto.
Anissuingbankshouldensurethatanycreditoramendmentitissuesisnotambiguousorconflictingin
itstermsandconditions.
vi) The applicant and issuing bank should be fully aware of the content of UCP 600 and recognize that
articlessuchas3,14,19,20,21,23,24,28(i),30and31definetermsinamannerthatmayproduce
unexpected results. For example, a credit requiring presentation of a bill of lading and containing a
prohibitionagainsttransshipmentwill,inmostcases,havetoexcludeUCP600subarticle20(c)tomake
theprohibitionagainsttransshipmenteffective.
vii) A credit or any amendment thereto should not require presentation of a document that is to be issued,
signedorcountersignedbytheapplicant.If,nevertheless,acreditoramendmentisissuedincludingsuch
arequirement,thebeneficiaryshouldconsidertheappropriatenessofsucharequirementanddetermineits
abilitytocomplywithit,orseekasuitableamendment.
GENERALPRINCIPLES
Abbreviations
A1) Generally accepted abbreviations, such as, but not limited to, Intl instead of International, Co.
instead ofCompany, kgs or kosinstead of kilogramsor kilos,Ind. instead ofIndustry,
Ltd instead of Limited, mfr instead of manufacturer or mt instead of metric tons may be
usedindocumentsinsubstitutionforawordorviceversa.Acreditthatincludesanabbreviationin
itstextallowsadocumenttoshowthesameabbreviationoranyotherabbreviationthathas
thesamemeaning,ortoshowthecompletespellingofthewordorviceversa.
A2)
a. Virgules (i.e., slash marks /) may result in different meanings and should not be used as a
substituteforaword.If,nevertheless,avirguleisusedandnocontextisapparent,thiswillallow
theuseofoneormoreoftheoptions.Forexample,aconditioninacreditstatingRed/Black/Blue
withnofurtherclarificationwillmeanonlyRedoronlyBlackoronlyBlueoranycombinationof
them.
b. Theuseofacommawhenindicatingarangeofdatainacreditsuchasportsofloadingordischarge
orcountriesoforigin,mayresultindifferentmeaningsandshouldnotbeusedasasubstitutefora
word.If,nevertheless,acommaisusedandnocontextisapparent,thiswillallowtheuseofoneor
moreoftheoptions.
Forexample,whenacreditallowspartialshipmentandindicatestheportofloadinginformationas
Hamburg, Rotterdam, Antwerp with no further clarification, thiswill mean only Hamburg or
onlyRotterdamoronlyAntwerporanycombinationofthem.
Certificates,Certifications,DeclarationsandStatements
A3) Whenacertificate,certification,declarationorstatementisrequiredbyacredit,itistobesigned.
A4) Whetheracertificate,certification,declarationorstatementneedstobedatedwilldependonthetypeof
certificate, certification, declaration or statement that has been requested, its required wording and the
wordingthatappearswithinthedocument.
For example, when a credit requires the presentation of a certificate issued by the carrier or its agent
statingthatthevesselisnomorethan25yearsold,thecertificatemayevidencecompliancebyindicating:
A5)
A6)
A7)
A8)
a. thedateoryearthevesselwasbuilt,andsuchdateoryearisnomorethan25yearspriortothe
dateofshipmentortheyearinwhichshipmentwaseffected,inwhichcaseadateofissuanceisnot
necessary,or
b. thewordingasstatedinthecredit,inwhichcaseadateofissuanceisrequired,therebycertifying
thatasofthatdatethevesselwasnotmorethan25yearsold.
Whenacertification,declarationorstatementistoappearinadocumentwhichistobesignedanddated,
itdoesnotrequireaseparatesignatureordatewhenthecertification,declarationorstatementappearsto
havebeengivenbythesameentitythatissuedandsignedthedocument.
CopiesoftransportdocumentscoveredbyUCP600articles1925
a. When a credit requires the presentation of a copy of a transport document covered by UCP 600
articles1925,therelevantarticleisnotapplicable,asthesearticlesonlyapplytooriginaltransport
documents.Acopyofatransportdocumentistobeexaminedonlytotheextentexpresslystatedin
thecredit,otherwiseaccordingtoUCP600subarticle14(f).
b. Any data shown on a copy of a transport document, when read in context with the credit, the
documentitselfandinternationalstandardbankingpractice,neednotbeidenticalto,butmustnot
conflictwith,datainthatdocument,anyotherstipulateddocumentorthecredit.
c. Copies of transport documents covered by UCP 600 articles 1925 are not subject to the default
presentationperiodof21calendardaysstatedinUCP600subarticle14(c)oranypresentation
period stated in the credit, unless the credit explicitly states the basis for determining such
presentationperiod.Otherwise,apresentationmaybemadeatanytime,butinanyeventnolater
thantheexpirydateofthecredit.
Correctionandalteration(correction)
a.
i) Anycorrectionofdatainadocumentissuedbythebeneficiary,withtheexceptionofdrafts
(seeparagraphB16),neednotbeauthenticated.
ii) When a document issued by the beneficiary has been legalized, visaed, certified, etc., any
correctionofdataistobeauthenticatedbyatleastoneoftheentitiesthatlegalized,visaedor
certified, etc., the document. Such authentication is to indicate the name of the entity
authenticating the correction either by use of a stamp incorporating its name, or by the
additionofthenameoftheauthenticatingentityaccompaniedbyitssignatureorinitials.
b.
i) Anycorrectionofdatainadocument,otherthaninadocumentissuedbythebeneficiary,is
toappeartohavebeenauthenticatedbytheissueroranentityactingasagent,proxyorfor
[or on behalf of] the issuer. Such authentication is to indicate the name of the entity
authenticating the correction either by use of a stamp incorporating its name, or by the
additionofthenameoftheauthenticatingentityaccompaniedbyitssignatureorinitials.In
thecaseofauthenticationbyanagentorproxy,thecapacityofactingasagentorproxyfor
[oronbehalfof]theissueristobestated.
ii) When a document other than one issued by the beneficiary has been legalized, visaed,
certified,etc.,anycorrectionofdatais,inadditiontotherequirementsofparagraphA7)(b)
(i),tobeauthenticatedbyatleastoneoftheentitiesthatlegalized,visaedorcertified,etc.,
thedocument.Suchauthenticationistoindicatethenameoftheentityauthenticatingthe
correctioneitherbyuseofastampincorporatingitsname,orbytheadditionofthenameof
theauthenticatingentityaccompaniedbyitssignatureorinitials.
c. Anycorrectionofdatainacopydocumentneednotbeauthenticated.
Whenadocumentotherthanoneissuedbythebeneficiarycontainsmorethanonecorrection,eithereach
correctionistobeauthenticatedseparately,oroneauthenticationistoindicatethatitappliestoallthe
corrections.Forexample,whenadocumentissuedbyXXXshowsthreecorrectionsnumbered1,2and3,
A9)
A10)
A11)
A12)
A13)
A14)
onestatementsuchasCorrectionnumbers1,2and3authenticatedbyXXXorsimilar,togetherwith
thesignatureorinitialsofXXX,willsatisfytherequirementforauthentication.
Theuseofmultipletypestyles,fontsizesorhandwritingwithinthesamedocumentdoesnot,byitself,
signifyacorrection.
Courier receipt, post receipt and certificate of posting in respect of the sending of documents,
noticesandthelike
Whenacreditrequiresthepresentationofadocumentasevidenceofsendingdocuments,noticesandthe
liketoanamedordescribedentity,intheformofacourierreceipt,postreceiptorcertificateofposting,
suchdocumentistobeexaminedonlytotheextentexpresslystatedinthecredit,otherwiseaccordingto
UCP600subarticle14(f)andnotunderUCP600article25.
Dates
a. Evenwhenacreditdoesnotexpresslysorequire:
i) draftsaretoindicateadateofissuance;
ii) insurance documents are to indicate a date of issuance or effectiveness of the insurance
coverageasreflectedinparagraphsK10)(b)andK11);and
iii) originaltransportdocuments,subjecttoexaminationunderUCP600articles1925,areto
indicateadateofissuance,adatedonboardnotation,adateofshipment,adateofreceiptfor
shipment,adateofdispatchorcarriage,adateoftakinginchargeoradateofpickupor
receipt,asapplicable.
b. A requirement that a document, other than a draft, insurance document or original transport
document, be dated will be satisfied by the indication of a date of issuance or by reference in the
documenttothedateofanotherdocumentformingpartofthesamepresentation(forexample,by
thewordingdateasperbillofladingnumberxxxappearingonacertificateissuedbyacarrieror
itsagent)oradateappearingonastipulateddocumentindicatingtheoccurrenceofanevent(for
example,bythedateofinspectionbeingindicatedonaninspectioncertificatethatotherwisedoes
notcontainadateofissuance).
a. A document, such as, but not limited to, a certificate of analysis, inspection certificate or
fumigationcertificate,mayindicateadateofissuancelaterthanthedateofshipment.
b. Whenacreditrequiresadocumenttoevidenceapreshipmentevent(forexample,preshipment
inspectioncertificate),thedocument,eitherbyitstitle,contentordateofissuance,istoindicate
thattheevent(forexample,inspection)tookplaceonorpriortothedateofshipment.
c. Whenacreditrequiresadocumentsuchas,butnotlimitedto,aninspectioncertificate,thisdoes
notconstitutearequirementthatthedocumentistoevidenceapreshipmentevent,anditneednot
bedatedpriortothedateofshipment.
Adocumentindicatingadateofissuanceandalaterdateofsigningisdeemedtohavebeenissuedonthe
dateofsigning.
a. Whenacreditusesphrasestosignifytimeoneithersideofadateoranevent,thefollowingshall
apply:
i) notlaterthan2daysafter(dateorevent)meansalatestdate.Ifanadviceordocumentis
nottobedatedpriortoaspecifieddateorevent,thecreditshouldsostate.
ii) atleast2daysbefore(dateorevent)meansthatanactoreventistotakeplacenotlater
than2daysbeforethatdateorevent.Thereisnolimitastohowearlyitmaytakeplace.
b.
i) For the purpose of calculation of a period of time, the term within when used in
connectionwithadateoreventexcludesthatdateortheeventdateinthecalculationofthe
period. For example, within 2 days of (date or event) means a period of 5 days
commencing2dayspriortothatdateoreventuntil2daysafterthatdateorevent.
A15)
A16)
A17)
A18)
A19)
ii) Thetermwithinwhenfollowedbyadateorareferencetoadeterminabledateorevent
includesthatdateoreventdate.Forexample,presentationtobemadewithin14Mayor
presentationistobemadewithincreditvalidity(orcreditexpiry)wheretheexpirydateof
the credit is 14 May, means 14 May is the last day upon which presentation is allowed,
providedthat14Mayisabankingday.
The words from and after when used to determine a maturity date or period for presentation
following thedate of shipment, the date of an event or the date of adocument, exclude that date in the
calculation of the period. For example, 10 days after the date of shipment or 10 days from the date of
shipment,wherethedateofshipmentwas4May,willbe14May.
Providedthatthedateintendedcanbedeterminedfromthedocumentorfromotherdocumentsincluded
inthepresentation,datesmaybeexpressedinanyformat.Forexample,the14thofMay2013couldbe
expressed as 14 May 13, 14.05.2013, 14.05.13, 2013.05.14, 05.14.13, 130514, etc. To avoid any risk of
ambiguity,itisrecommendedthatthemonthbestatedinwords.
Documentsandtheneedforcompletionofabox,fieldorspace
Thefactthatadocumenthasabox,fieldorspacefordatatobeinserteddoesnotnecessarilymeanthat
such box, field or space is to be completed. For example, data are not required in the box titled
Accounting Information or Handling Information commonly found on an air waybill. Also see
paragraphA37)inrespectoftherequirementsforasignaturetoappearinanybox,fieldorspace.
DocumentsforwhichtheUCP600transportarticlesdonotapply
a. Documentscommonlyusedinrelationtothetransportationofgoods,suchasbutnotlimitedto,
Delivery Note, Delivery Order, Cargo Receipt, Forwarders Certificate of Receipt, Forwarders
Certificate of Shipment, Forwarders Certificate of Transport, Forwarders Cargo Receipt and
Mates Receipt are not transport documents as defined in UCP 600 articles 1925. These
documentsaretobeexaminedonlytotheextentexpresslystatedinthecredit,otherwiseaccording
toUCP600subarticle14(f).
b.
i) FordocumentsreferredtoinparagraphA18)(a),aconditionofacreditthatpresentationis
tooccurwithinacertainnumberofdaysafterthedateofshipmentwillbedisregarded,and
presentationmaybemadeatanytime,butinanyeventnolaterthantheexpirydateofthe
credit.
ii) The default presentation period of 21 calendar days stated in UCP 600 subarticle 14 (c)
onlyappliestoapresentationincludingoneormoreoriginaltransportdocumentscovered
byUCP600articles1925.
c. For a presentation period to apply to a document referred to in paragraph A18) (a), the credit
shouldspecifythatpresentationistobemadewithinacertainnumberofdaysaftertheissuance
date of the respective document, or a date that is to be mentioned in the document (for example,
when a credit requires the presentation of a document titled cargo receipt, documents to be
presentednolaterthan10daysafterthedateofthecargoreceipt).
ExpressionsnotdefinedinUCP600
The expressions shipping documents, stale documents acceptable, third party documents
acceptable, third party documents not acceptable, exporting country, shipping company and
documentsacceptableaspresentedshouldnotbeusedinacredit,astheyarenotdefinedinUCP600.
If,nevertheless,theyareused,andtheirmeaningisnotdefinedinthecredit,theyshallhavethefollowing
meaningunderinternationalstandardbankingpractice:
a. shipping documents all documents required by the credit, except drafts, teletransmission
reports and courier receipts, postal receipts or certificates of posting evidencing the sending of
documents.
A20)
A21)
b. staledocumentsacceptabledocumentsmaybepresentedlaterthan21calendardaysafterthe
dateofshipmentaslongastheyarepresentednolaterthantheexpirydateofthecredit.Thiswill
also apply when the credit specifies a period for presentation together with the condition stale
documentsacceptable
c. third party documents acceptable all documents for which the credit or UCP 600 do not
indicate an issuer, except drafts, may be issued by a named person or entity other than the
beneficiary.
d. thirdpartydocumentsnotacceptablehasnomeaningandistobedisregarded.
e. exporting country one of the following: the country where the beneficiary is domiciled, the
country of origin of the goods, the country of receipt by the carrier or the country from which
shipmentordispatchismade.
f. shipping company P when used in the context of the issuer of a certificate, certification or
declarationrelatingtoatransportdocumentanyoneofthefollowing:carrier,masteror,whena
charterpartybillofladingispresented,themaster,ownerorcharterer,oranyentityidentifiedas
anagentofanyoneoftheaforementioned,regardlessofwhetheritissuedorsignedthepresented
transportDocument.
g. documentsacceptableaspresentedapresentationmayconsistofoneormoreofthestipulated
documentsprovidedtheyarepresentedwithintheexpirydateofthecreditandthedrawingamount
iswithinthatwhichisavailableunderthecredit.Thedocumentswillnototherwisebeexamined
forcomplianceunderthecreditorUCP600,includingwhethertheyarepresentedintherequired
numberoforiginalsorcopies.
Issuerofdocuments
When a credit requires a document to be issued by a named person or entity, this condition is satisfied
whenthedocumentappearstobeissuedbythenamedpersonorentitybyuseofitsletterhead,orwhen
thereisnoletterhead,whenthedocumentappearstohavebeencompletedorsignedby,orfor[oronbehalf
of],thenamedpersonorentity.
Language
a. When a credit stipulates the language of the documents to be presented, the data required by the
creditorUCP600aretobeinthatlanguage.
b. When a credit is silent with respect to the language of the documents to be presented, the
documentsmaybeissuedinanylanguage.
c.
i) Whenacreditallowstwoormoreacceptablelanguages,aconfirmingbankoranominated
bank acting on its nomination may restrict the number of acceptable languages as a
condition of its engagement in the credit, and in such a case the data contained in the
documentsareonlytobeintheacceptablelanguageorlanguages.
ii) Whenacreditallowsadocumenttocontaindataintwoormoreacceptablelanguagesanda
confirming bank or a nominated bank acting on its nomination does not restrict the
language or the number of acceptable languages as a condition of its engagement in the
credit,itisrequiredtoexaminethedatainalloftheacceptablelanguagesappearinginthe
documents.
d. Banksdonotexaminedatathathavebeeninsertedinalanguagethatisadditionaltothatrequired
orallowedinthecredit.
e. Notwithstanding paragraphs A21) (a) and (d), the name of a person or entity, any stamps,
legalization,endorsementsorsimilar,andthepreprintedtextshownonadocument,suchas,but
notlimitedto,fieldheadings,maybeinalanguageotherthanthatrequiredinthecredit.
Mathematicalcalculations
A22) Whenthepresenteddocumentsindicatemathematicalcalculations,banksonlyDeterminethatthestated
totalinrespectofcriteriasuchasamount,quantity,weightornumberofpackages,doesnotconflictwith
thecreditoranyotherstipulateddocument.
Misspellingsortypingerrors
A23) Amisspellingortypingerrorthatdoesnotaffectthemeaningofawordorthesentenceinwhichitoccurs
doesnotmakeadocumentdiscrepant.Forexample,adescriptionofthegoodsshownasmashineinstead
of machine, fountan pen instead of fountain pen or modle instead of model would not be
regarded as a conflict of data under UCP 600 subarticle 14 (d). However, a description shown as, for
example,model123insteadofmodel321willberegardedasaconflictofdataunderthatsubarticle.
Multiplepagesandattachmentsorriders
A24) Whenadocumentconsistsofmorethanonepage,itmustbepossibletodeterminethatthepagesarepart
ofthesamedocument.Unlessadocumentprovidesotherwise,pageswhicharephysicallyboundtogether,
sequentially numbered or contain internal cross references, however named or titled, will meet this
requirement and are to be examined as one document, even if some of the pages are regarded as an
attachmentorrider.
A25) Whenasignatureorendorsementisrequiredtobeonadocumentconsistingofmorethanonepage,and
the credit or the document itself does not indicate where a signature or endorsement is to appear, the
signatureorendorsementmayappearanywhereonthatdocument.
Nondocumentaryconditionsandconflictofdata
A26) When a credit contains a condition without stipulating a document to indicate compliance therewith
(nondocumentarycondition),compliancewithsuchconditionneednotbeevidencedonanystipulated
document. However, data contained in a stipulated document are not to be in conflict with the
nondocumentary condition. For example, when a credit indicates packing in wooden cases without
indicating that such data is to appear on any stipulated document, a statement in any stipulated
documentindicatingadifferenttypeofpackingisconsideredtobeaconflictofdata.
Originalsandcopies
A27) Adocumentbearinganapparentlyoriginalsignature,mark,stamporlabeloftheissuerwillbeconsidered
tobeanoriginalunlessitstatesthatitisacopy.Banksdonotdeterminewhethersuchasignature,mark,
stamporlabeloftheissuerhasbeenappliedinamanualorfacsimileformand,assuch,anydocument
bearingsuchmethodofauthenticationwillsatisfytherequirementsofUCP600article17.
A28) DocumentsissuedinmorethanoneoriginalmaybemarkedOriginal,Duplicate,Triplicate,First
Original,SecondOriginal,etc.Noneofthesemarkingswilldisqualifyadocumentasanoriginal.
A29)
a. ThenumberoforiginalstobepresentedistobeatleastthenumberrequiredbythecreditorUCP
600.
b. When a transport document or insurance document indicates how many originals have been
issued, the number of originals stated on the document is to be presented, except as stated in
paragraphsH12)andJ7)(c).
c. When a credit requires presentation of less than a full set of original transport documents, (for
example, 2/3 original bills of lading), but does not provide any disposal instructions for the
remainingoriginalbilloflading,apresentationmayinclude3/3originalbillsoflading.
d. Whenacreditrequires,forexample,presentationof:
i) Invoice,OneInvoice,Invoicein1copyorInvoice1copy,itwillbeunderstood
tobearequirementforanoriginalinvoice.
ii) Invoicein4copiesorInvoicein4foldwillbesatisfiedbythepresentationofatleast
oneoriginalinvoiceandanyremainingnumberascopies.
iii) photocopyofinvoiceorcopyofinvoicewillbesatisfiedbythepresentationofeithera
A30)
A31)
A32)
A33)
A34)
A35)
A36)
photocopy,copyor,whennotprohibited,anoriginalinvoice.
iv) photocopyofasignedinvoicewillbesatisfiedbythepresentationofeitheraphotocopyor
copy of the original invoice that was apparently signed or, when not prohibited, a signed
originalinvoice.
a. When a credit prohibits the presentation of an original document by stating, for example,
photocopyofinvoiceoriginaldocumentnotacceptableinlieuofphotocopyorthelike,onlya
photocopyofaninvoiceoraninvoicemarkedcopyistobepresented.
b. Whenacreditrequiresthepresentationofacopyofatransportdocumentandindicatesadisposal
instructionforalloriginalsofthatdocument,apresentationisnottoincludeanyoriginalofsuch
document.
a. Original documents are to be signed when required by the credit, the document itself (except as
statedinparagraphA37))orUCP600.
b. Copiesofdocumentsneednotbesignednordated.
Shippingmarks
When a credit specifies the details of a shipping mark,documents mentioning the shipping mark are to
showthosedetails.Thedatainashippingmarkindicatedonadocumentneednotbeinthesamesequence
asthoseshowninthecreditorinanyotherstipulateddocument.
Ashippingmarkindicatedonadocumentmayshowdatainexcessofwhatwouldnormallybeconsidered
ashippingmark,orwhichisspecifiedinthecreditasashippingmark,bytheadditionofinformation
suchas,butnotlimitedto,thetypeofgoods,warningsconcerningthehandlingoffragilegoodsornet
andgrossweightofthegoods.
a. Transport documents covering containerized goods often only show a container number, with or
withoutasealnumber,undertheheadingShippingmarkorsimilar.Otherdocumentsthatshow
amoredetailedmarkingwillnotbeinconflictforthatreason.
b. ThefactthatsomedocumentsshowadditionalinformationasmentionedinparagraphsA33)and
A34)(a),whileothersdonot,willnotberegardedasaconflictofdataunderUCP600subarticle
14(d).
Signatures
a. Asignature,asreferredtoinparagraphA31)(a),neednotbehandwritten.Documentsmayalsobe
signed with a facsimile signature (for example, a preprinted or scanned signature), perforated
signature, stamp, symbol (for example, a chop) or any mechanical or electronic method of
authentication.
b. Arequirementforadocumenttobesignedandstampedorasimilarrequirementissatisfiedbya
signature in the formdescribed in paragraph A35) (a)and the name of the signing entity typed,
stamped,handwritten,preprintedorscannedonthedocument,etc.
c. A statement on a document such as This document has been electronically authenticated or
This document has been produced by electronic means and requires no signature or words of
similareffectdoesnot,byitself,representanelectronicmethodofauthenticationinaccordancewith
thesignaturerequirementsofUCP600article3.
d. Astatementonadocumentindicatingthatauthenticationmaybeverifiedorobtainedthrougha
specific reference to a website (URL) constitutes a form of electronic method of authentication in
accordance with the signature requirements of UCP 600 article 3. Banks will not access such
websitestoverifyorobtainauthentication.
a. Asignatureontheletterheadpaperofanamedpersonorentityisconsideredtobethesignatureof
that named person or entity unless otherwise stated. The named person or entity need not be
repeatednexttothesignature.
b. Whenasignatoryindicatesitissigningfor[oronbehalfof]abranchoftheissuer,thesignature
willbeconsideredtobethatoftheissuer.
A37) Thefactthatadocumenthasabox,fieldorspaceforasignaturedoesnotinitselfmeanthatsuchbox,
fieldor spaceis to be completed with a signature. Forexample,a signature is notrequiredin the space
titledSignatureofshipperortheiragentcommonlyfoundonanairwaybillorSignatureofshipper
onaroadtransportdocument.AlsoseeparagraphA17)inrespectoftherequirementsfordatatoappear
inabox,fieldorspace.
A38) WhenadocumentincludeswordingsuchasThisdocumentisnotvalidunlesscountersigned[orsigned]
by(nameofthepersonorentity)orwordsofsimilareffect,theapplicablebox,fieldorspaceistocontain
asignatureandthenameofthepersonorentitythatiscountersigningthedocument.
Titleofdocumentsandcombineddocuments
A39) Documents may be titled as called for in the credit, bear a similar title or be untitled. The content of a
documentmustappeartofulfillthefunctionoftherequireddocument.Forexample,arequirementfora
Packing List will be satisfied by a document containing packing details whether it is titled Packing
List,PackingNote,PackingandWeightList,etc.,orbearsnotitle.
A40) Documentsrequiredbyacreditaretobepresentedasseparatedocuments.However,andasanexample,a
requirement for an original packing list and an original weight list will also be satisfied by the
presentationoftwooriginalcombinedpackingandweightlists,providedthatsuchdocumentsstateboth
packingandweightdetails.
A41) A document required by a credit that is to cover more than one function may be presented as a single
document or separate documents that appear to fulfill each function. For example, a requirement for a
Certificate of Quality and Quantity will be satisfied by the presentation of a single document or by a
separateCertificateofQualityandCertificateofQuantityprovidedthateachdocumentappearstofulfill
itsfunctionandispresentedinthenumberoforiginalsandcopiesasrequiredbythecredit.
DRAFTSANDCALCULATIONOFMATURITYDATE
Basicrequirement
B1)
a. Adraft,whenrequired,istobedrawnonthebankstatedinthecredit.
b. BanksonlyexamineadrafttotheextentdescribedinparagraphsB2)PB17).
Tenor
B2)
a. Thetenorstatedonadraftistobeinaccordancewiththetermsofthecredit.
b. Whenacreditrequiresadrafttobedrawnatatenorotherthansightoracertainperiodaftersight,
itmustbepossibletoestablishthematuritydatefromthedatainthedraftitself.Forexample,when
acreditcallsfordraftsatatenor60daysafterthebillofladingdate,andwhenthedateofthebillof
ladingis14May2013,thetenoristobeindicatedonthedraftinoneofthefollowingways:
i) 60daysafterbillofladingdate14May2013,or
ii) 60daysafter14May2013,or
iii) 60daysafterbillofladingdateandelsewhereonthefaceofthedraftstatebilloflading
date14May2013,or
iv) 60daysdateonadraftdatedthesamedayasthedateofthebilloflading,or
v) 13July2013,i.e.,60daysafterthebillofladingdate.
c. When the tenor refers to, for example, 60 days after the bill of lading date, the on board date is
deemedtobethebillofladingdateevenwhentheonboarddateispriortoorlaterthanthedateof
issuanceofthebilloflading.
d. The words from and after when used to determine maturity dates of drafts signify that the
calculationofthematuritydatecommencesthedayfollowingthedateofthedocument,shipmentor
thedateofaneventstipulatedinthecredit,forexample,10daysafterorfrom4Mayis14May.
B3)
B4)
B5)
B6)
B7)
e.
i) Whenacreditrequiresabillofladinganddraftsaretobedrawn,forexample,at60days
after or fromthe bill of lading date and a bill oflading is presentedevidencing unloading
andreloadingofthegoodsfromonevesseltoanother,andshowingmorethanonedatedon
board notation and indicating that each shipment was effected from a port within a
permittedgeographicalareaorrangeofports,theearliestofthesedatesistobeusedforthe
calculationofthematuritydate.Forexample,acreditrequiresshipmentfromanyEuropean
port, and the bill of lading evidences on board vessel A from Dublin on 14 May, with
transshipment effected on board vessel B from Rotterdam on 16 May. The draft should
reflect60daysaftertheearliestonboarddateinaEuropeanport,i.e.,14May.
ii) Whenacreditrequiresabillofladinganddraftsaretobedrawn,forexample,at60days
afterorfromthebillofladingdate,andabillofladingispresentedevidencingshipmentof
goodsonthesamevesselfrommorethanoneportwithinapermittedgeographicalareaor
rangeofports,andshowsmorethanonedatedonboardnotation,thelatestofthesedatesis
tobeusedforthecalculationofthematuritydate.Forexample,acreditrequiresshipment
fromanyEuropeanport,andthebillofladingevidencespartofthegoodsloadedonboard
vessel A from Dublin on 14 May and the remainder on board the same vessel from
Rotterdamon16May.Thedraftshouldreflect60daysafterthelatestonboarddate,i.e.,16
May.
iii) Whenacreditrequiresabillofladinganddraftsaretobedrawn,forexample,at60days
after or from the bill of lading date, and more than one set of bills of lading is presented
underonedraft,theonboarddateofthelatestbillofladingwillbeusedforthecalculation
ofthematuritydate.
WhiletheexamplesinparagraphsB2)(e)(iiii)refertobillofladingdates,thesameprinciplesapplyto
anybasisfordeterminingamaturitydate.
Maturitydate
Whenadraftstatesamaturitydatebyusinganactualdate,thatdateistoreflectthetermsofthecredit.
Fordraftsdrawn,forexample,at60dayssight,thematuritydateisestablishedasfollows:
a. in the case of a complying presentation, the maturity date will be 60 days after the day of
presentationtothebankonwhichthedraftisdrawn,i.e.,theissuingbank,confirmingbankora
nominatedbankthatagreestoactonitsnomination(draweebank).
b. inthecaseofanoncomplyingpresentation:
i) when such drawee bank has not provided a notice of refusal, the maturity date will be 60
daysafterthedayofpresentationtoit;
ii) whenthedraweebankistheissuingbankandithasprovidedanoticeofrefusalatthelatest
60daysafterthedatetheissuingbankacceptsthewaiveroftheapplicant;
iii) whenthedraweebankisabankotherthantheissuingbankandithasprovidedanoticeof
refusal,atthelatest60daysafterthedateoftheacceptanceadviceoftheissuingbank.When
such drawee bank does not agree to act on the acceptance advice of the issuing bank, the
undertakingtohonourontheduedateisthatoftheissuingbank.
c. Thedraweebankistoadviseorconfirmthematuritydatetothepresenter.
Themethodofcalculationoftenorandmaturitydates,asshownabove,alsoappliestoacreditavailableby
deferred payment or, in some cases, negotiation, i.e., when there is no requirement for a draft to be
presentedbythebeneficiary.
Bankingdays,gracedays,delaysinremittance
Payment is to be made in immediately available funds on the due date at the place where the draft or
documentsarepayable,providedthatsuchduedateisabankingdayinthatplace.Whentheduedateisa
nonbanking day, payment is due on the first banking day following the due date. Delays in the
remittanceoffunds,forexamplegracedays,thetimeittakestoremitfunds,etc.,arenottobeinaddition
tothestatedoragreedduedateasdefinedbythedraftordocuments.
Drawingandsigning
B8)
a. Adraftistobedrawnandsignedbythebeneficiaryandtoindicateadateofissuance.
b. When the beneficiary or second beneficiary has changed its name, and the credit mentions the
former name, a draft may be drawn in the name of the new entity provided that it indicates
formerlyknownas(nameofthebeneficiaryorsecondbeneficiary)orwordsofsimilareffect.
B9) WhenacreditindicatesthedraweeofadraftbyonlystatingtheSWIFTaddressofabank,thedraftmay
showthedraweewiththesamedetailsorthefullnameofthebank.
B10) Whenacreditisavailablebynegotiationwithanominatedbankoranybank,thedraftistobedrawnona
bankotherthanthenominatedbank.
B11) Whenacreditisavailablebyacceptancewithanybank,thedraftistobedrawnonthebankthatagreesto
acceptthedraftandistherebywillingtoactonitsnomination.
B12) Whenacreditisavailablebyacceptancewith:
a. anominatedbankoranybank,andthedraftistobedrawnonthatnominatedbank(whichisnota
confirmingbank),anditdecidesnottoactonitsnomination,thebeneficiarymaychooseto:
i) drawthedraftontheconfirmingbank,ifany,orrequestthatthepresentationbeforwarded
totheconfirmingbankintheformaspresented;
ii) presentthedocumentstoanotherbankthatagreestoacceptadraftdrawnonitandthereby
actonitsnomination(applicableonlywhenthecreditisavailablewithanybank);or
iii) requestthatthepresentationbeforwardedtotheissuingbankintheformaspresentedwith
orwithoutadraftdrawnontheissuingbank.
b. a confirmingbank, and the draftis to be drawn on that confirming bank and the presentationis
noncomplying,anditdecidesnottoreinstateitsconfirmation,thebeneficiarymayrequestthatthe
presentation be forwarded to the issuing bank in the form as presented, with or without a draft
drawnontheissuingbank.
Amounts
B13) Adraftistobedrawnfortheamountdemandedunderthepresentation
B14) Theamountinwordsistoaccuratelyreflecttheamountinfigureswhenbothareshown,andindicatethe
currency as stated in the credit. When the amount in words and figures are in conflict, the amount in
wordsistobeexaminedastheamountdemanded.
Endorsement
B15) Adraftistobeendorsed,ifnecessary.
Correctionandalteration(correction)
B16) Anycorrectionofdataonadraftistoappeartohavebeenauthenticatedwiththeadditionofthesignature
orinitialsofthebeneficiary.
B17) When no correction of data is allowed in a draft, an issuing bank should have included a suitable
stipulationinitscredit.
Draftsdrawnontheapplicant
B18)
a. Acreditmustnotbeissuedavailablebyadraftdrawnontheapplicant.
b. However, when a credit requires the presentation of a draft drawn on the applicant as one of the
requireddocuments,itistobeexaminedonlytotheextentexpresslystatedinthecredit,otherwise
accordingtoUCP600subarticle14(f).
INVOICES
Titleofinvoice
C1)
C2)
C3)
C4)
C5)
C6)
C7)
C8)
C9)
a. When a credit requires presentation of an invoice without further description, this will be
satisfied by the presentation of any type of invoice (commercial invoice, customs invoice, tax
invoice, final invoice, consular invoice, etc.). However, an invoice is not to be identified as
provisional,proformaorthelike.
b. When a credit requires presentation of a commercial invoice, this will also be satisfied by the
presentationofadocumenttitledinvoice,evenwhensuchdocumentcontainsastatementthatit
hasbeenissuedfortaxpurposes.
Issuerofaninvoice
a. Aninvoiceistoappeartohavebeenissuedbythebeneficiaryor,inthecaseofatransferredcredit,
thesecondbeneficiary.
b. When the beneficiary or second beneficiary has changed its name and the credit mentions the
former name, an invoice may be issued in the name of the new entity provided that it indicates
formerlyknownas(nameofthebeneficiaryorsecondbeneficiary)orwordsofsimilareffect.
Descriptionofthegoods,servicesorperformanceandothergeneralissuesrelatedtoinvoices
The description of the goods, services or performance shown on the invoice is to correspond with the
descriptionshowninthecredit.Thereisnorequirementforamirrorimage.Forexample,detailsofthe
goods may be stated in a number of areas within the invoice which, when read together, represent a
descriptionofthegoodscorrespondingtothatinthecredit.
The description of goods, services or performance on an invoice is to reflect what has actually been
shipped, delivered or provided. For example, when the goods description in the credit indicates a
requirementforshipmentof10trucksand5tractors,andonly4truckshavebeenshipped,aninvoice
may indicate shipment of only 4 trucks provided that the credit did not prohibit partial shipment. An
invoiceindicatingwhathasactuallybeenshipped(4trucks)mayalsocontainthedescriptionofthegoods
statedinthecredit,i.e.,10trucksand5tractors.
Aninvoiceshowingadescriptionofthegoods,servicesorperformancethatcorrespondswiththatinthe
creditmayalsoindicateadditionaldatainrespectofthegoods,servicesorperformanceprovidedthatthey
donotappeartorefertoadifferentnature,classificationorcategoryofthegoods,servicesorperformance.
For example, when a credit requires shipment of Suede Shoes, but the invoice describes the goods as
ImitationSuedeShoes,orwhenthecreditrequiresHydraulicDrillingRig,buttheinvoicedescribes
the goods as Second Hand Hydraulic Drilling Rig, these descriptions would represent a change in
nature,classificationorcategoryofthegoods.
Aninvoiceistoindicate:
a. thevalueofthegoodsshippedordelivered,orservicesorperformanceprovided.
b. unitprice(s),whenstatedinthecredit.
c. thesamecurrencyasthatshowninthecredit.
d. anydiscountordeductionrequiredbythecredit.
Aninvoicemayindicateadeductioncoveringadvancepayment,discount,etc.,thatisnotstatedinthe
credit.
Whenatradetermisstatedaspartofthegoodsdescriptioninthecredit,aninvoiceistoindicatethat
trade term, and when the source of the trade term is stated, the same source is to be indicated. For
example,atradetermindicatedinacreditasCIFSingaporeIncoterms2010isnottobeindicatedonan
invoiceasCIFSingaporeorCIFSingaporeIncoterms.However,whenatradetermisstatedinthe
creditasCIFSingaporeorCIFSingaporeIncoterms,itmayalsobeindicatedonaninvoiceasCIF
SingaporeIncoterms2010oranyotherrevision.
Additionalchargesandcosts,suchasthoserelatedtodocumentation,freightorinsurancecosts,aretobe
includedwithinthevalueshownagainstthestatedtradetermontheinvoice.
C10) Aninvoiceneednotbesignedordated.
C11) Anytotalquantityofgoodsandtheirweightormeasurementshownontheinvoiceisnottoconflictwith
thesamedataappearingonotherdocuments.
C12) Aninvoiceisnottoindicate:
a. Overshipment(exceptasprovidedinUCP600subarticle30(b)),or
b. goods, services or performance not called for in the credit. This applies even when the invoice
includesadditionalquantitiesofgoods,servicesorperformanceasrequiredbythecreditorsamples
andadvertisingmaterialandarestatedtobefreeofcharge.
C13) Thequantityofgoodsrequiredinthecreditmaybeindicatedonaninvoicewithinatoleranceof+/P5%.A
variance of up to +5% in the quantity of the goods does not allow the amount demanded under the
presentationtoexceedtheamountofthecredit.Thetoleranceof+/P5%inthequantityofthegoodswill
notapplywhen:
a. acreditstatesthatthequantityisnottobeexceededorreduced;or
b. acreditstatesthequantityintermsofastipulatednumberofpackingunitsorindividualitems.
C14) Whennoquantityofgoodsisstatedinthecredit,andpartialshipmentsareprohibited,aninvoiceissued
foranamountupto5%lessthanthecreditamountwillbeconsideredtocoverthefullquantityandnota
partialshipment.
Instalmentdrawingsorshipments
C15)
a.
i) When a drawing or shipment by installments within given periods is stipulated in the
credit, and any instalment is not drawn or shipped within the period allowed for that
instalment,thecreditceasestobeavailableforthatandanysubsequentinstalment.Given
periods are a sequence of dates or timelines that determine a start and end date for each
instalment.Forexample,acreditrequiringshipmentof100carsinMarchand100carsin
Aprilisanexampleoftwoperiodsoftimethatstarton1Marchand1Aprilandendon31
Marchand30Aprilrespectively.
ii) Whenpartialdrawingsorshipmentsareallowed,anynumberofdrawingsorshipmentsis
permittedwithineachinstalment.
b. When a credit indicates a drawing or shipment schedule by only indicating a number of latest
dates,andnotgivenperiods(asreferredtoinparagraphC15)(a)(i):
i) thisisnotaninstalmentscheduleasenvisagedbyUCP600,andarticle32willnotapply.
Thepresentationistootherwisecomplywithanyinstructionsinrespectofthedrawingor
shipmentscheduleandUCP600article31;
ii) whenpartialdrawingsorshipmentsareallowed,anynumberofdrawingsorshipmentsis
permittedonorbeforeeachlatestdateforadrawingorshipmenttooccur.
TRANSPORT DOCUMENT COVERING AT LEAST TWO DIFFERENT MODES OF TRANSPORT
(multimodalorcombinedtransportdocument)
ApplicationofUCP600article19
D1)
a. Arequirementinacreditforthepresentationofatransportdocument,howevernamed,covering
movementofgoodsutilizingatleasttwodifferentmodesoftransportmeansthatUCP600article
19istobeappliedintheexaminationofthatdocument.
b.
i) Amultimodalorcombinedtransportdocumentisnottoindicatethatshipmentordispatch
hasbeeneffectedbyonlyonemodeoftransport,butitmaybesilentregardingsomeorallof
themodesoftransportutilized.
ii) Amultimodalorcombinedtransportdocumentisnottocontainanyindicationofacharter
partyasdescribedinparagraphsG2)(a)and(b).
c. When a credit requires the presentation of a transport document other than a multimodal or
D2)
D3)
D4)
D5)
D6)
combinedtransportdocument,anditisclearfromtheroutingofthegoodsstatedinthecreditthat
morethanonemodeoftransportistobeutilized,forexample,whenaninlandplaceofreceiptor
finaldestinationareindicated,ortheportofloadingordischargefieldiscompletedbutwithaplace
which is in fact an inland place and not a port, UCP 600 article 19 is to be applied in the
examinationofthatdocument.
In all places where the term multimodal transport document is used within this publication, it also
includesthetermcombinedtransportdocument.Thetransportdocumentpresentedneednotbetitled
Multimodal transport document or Combined transport document or words of similar effect even
whenthecreditsonamestherequireddocument.
Issuance,carrier,identificationofthecarrierandsigningofamultimodaltransportdocument
a. A multimodal transport document may be issued by any entity other than a carrier or master
(captain)provideditmeetstherequirementsofUCP600article19.
b. When a credit indicates Freight Forwarders Multimodal Transport Document is acceptable or
House Multimodal Transport Document is acceptable or words of similar effect, a multimodal
transportdocumentmaybesignedbytheissuingentitywithoutitbeingnecessarytoindicatethe
capacityinwhichithasbeensignedorthenameofthecarrier.
AstipulationinacreditthatFreightForwardersMultimodalTransportDocumentsarenotacceptable
or House Multimodal Transport Documents are not acceptable or words of similar effect has no
meaninginthecontextofthetitle,format,contentorsigningofamultimodaltransportdocumentunless
thecreditprovidesspecificrequirementsdetailinghowthemultimodaltransportdocumentistobeissued
and signed. In the absence of these requirements, such a stipulation is to be disregarded, and the
multimodaltransportdocumentpresentedistobeexaminedaccordingtotherequirementsofUCP600
article
a. AmultimodaltransportdocumentistobesignedintheformdescribedinUCP600subarticle19
(a)(i)andtoindicatethenameofthecarrier,identifiedasthecarrier.
b. Whenamultimodaltransportdocumentissignedbyanamedbranchofthecarrier,thesignatureis
consideredtohavebeenmadebythecarrier.
c. Whenanagentsignsamultimodaltransportdocumentfor[oronbehalfof]thecarrier,theagentis
tobenamedand,inaddition,toindicatethatitissigningasagentfor(name),thecarrieroras
agent on behalf of (name), the carrier or words of similar effect. When the carrier is identified
elsewhereinthedocumentasthecarrier,thenamedagentmaysign,forexample,asagentfor
[oronbehalfof]thecarrierwithoutnamingthecarrieragain.
d. When the master (captain) signs a multimodal transport document, the signature of the master
(captain)istobeidentifiedasthemaster(captain).Thenameofthemaster(captain)neednot
bestated.
e. Whenanagentsignsamultimodaltransportdocumentfor[oronbehalfof]themaster(captain),
theagentistobenamedand,inaddition,toindicatethatitissigningasagentforthemaster(or
captain)orasagentonbehalfofthemaster(orcaptain)orwordsofsimilareffect.Thenameof
themaster(captain)neednotbestated.
On board notation, date of shipment, place of receipt, dispatch, taking in charge, port of
loadingorairportofdeparture
Theissuancedateofamultimodaltransportdocumentwillbedeemedtobethedateofreceipt,dispatch,
takinginchargeorshipmentonboardandthedateofshipment,unlessitbearsaseparatedatednotation
evidencingreceipt,dispatch,takinginchargeorshipmentonboardfromtheplace,portorairportstated
inthecredit.Inthelatterevent,suchdatewillbedeemedtobethedateofshipmentwhetherthatdateis
before or after the issuance date of the multimodal transport document. A separate dated notation may
D7)
D8)
D9)
D10)
D11)
D12)
D13)
D14)
D15)
D16)
alsobeindicatedinadesignatedfieldorbox.
When a credit requires shipment to commence from a port, i.e., when the first leg of the journey, as
requiredbythecredit,isbysea,amultimodaltransportdocumentistoindicateadatedonboardnotation,
andinthiseventparagraphE6)(bd)willalsoapply.
In a multimodal transport document, when a credit requires shipment to commence from a port, the
namedportofloadingshouldappearintheportofloadingfield.However,itmayalsobestatedinthefield
headedPlaceofreceiptorwordsofsimilareffect,providedthereisadatedonboardnotationevidencing
thatthegoodswereshippedonboardanamedvesselattheportstatedunderPlaceofreceiptorwords
ofsimilareffect.
A multimodal transport document is to indicate the place of receipt, dispatch, taking in charge, port of
loadingorairportofdeparturestatedinthecredit.Whenacreditindicatestheplaceofreceipt,dispatch,
takingin charge, port of loadingor airport of departure by also stating the country in which the place,
portorairportislocated,thenameofthecountryneednotbestated.
Whenacreditindicatesageographicalareaorrangeofplacesofreceipt,dispatch,takingincharge,ports
of loading or airports of departure (for example, Any European Country or Hamburg, Rotterdam,
Antwerp Port), a multimodal transport document is to indicate the actual place of receipt, dispatch,
takingincharge,portofloadingorairportofdeparture,whichistobewithinthatgeographicalareaor
rangeofplaces.Amultimodaltransportdocumentneednotindicatethegeographicalarea.
TermssuchasShippedinapparentgoodorder,Ladenonboard,Cleanonboardorotherphrases
thatincorporateshippedoronboardhavethesameeffectasthewordsShippedonboard.
Placeoffinaldestination,portofdischargeorairportofdestination
a. Inamultimodaltransportdocument,whenacreditrequiresshipmenttobeeffectedtoaport,the
namedportofdischargeshouldappearintheportofdischargefield.
b. However,thenamedportofdischargemaybestatedinthefieldheadedPlaceoffinaldestination
orwordsofsimilareffectprovidedthereisanotationevidencingthattheportofdischargeisthat
stated under Place of final destination or words of similar effect. For example, when a credit
requires shipment to be effected to Felixstowe, but Felixstowe is shown as the place of final
destination instead of the port of discharge, this maybe evidencedby a notation statingPort of
dischargeFelixstowe.
Amultimodaltransportdocumentistoindicatetheplaceoffinaldestination,portofdischargeorairport
ofdestinationstatedinthecredit.Whenacreditindicatestheplaceoffinaldestinationportofdischargeor
airport of destination by also stating the country in which the place or port is located, the name of the
countryneednotbestated.
Whenacreditindicatesageographicalareaorrangeofplacesoffinaldestination,portsofdischargeor
airports of destination (for example, Any European Country or Hamburg, Rotterdam, Antwerp
Port), a multimodal transport document is to indicate the actual place of final destination, port of
discharge or airport of destination, which is to be within that geographical area or range of places. A
multimodaltransportdocumentneednotindicatethegeographicalarea.
Originalmultimodaltransportdocument
a. Amultimodaltransportdocumentistoindicatethenumberoforiginalsthathavebeenissued.
b. MultimodaltransportdocumentsmarkedFirstOriginal,SecondOriginal,ThirdOriginal,
orOriginal,Duplicate,Triplicateorsimilarexpressionsarealloriginals.
Consignee,orderparty,shipperandendorsement,andnotifyparty
Whenacreditrequiresamultimodaltransportdocumenttoevidencethatgoodsareconsignedtoanamed
entity,forexample,consignedto(namedentity)(i.e.,astraightmultimodaltransportdocumentor
consignment)ratherthantoorderortoorderof(namedentity),itisnottocontaintheexpressions
D17)
D18)
D19)
D20)
D21)
D22)
D23)
toorderortoorderofprecedingthenamedentity,ortheexpressionororderfollowingthenamed
entity,whethertypedorpreprinted.
a. Whenamultimodaltransportdocumentisissuedtoorderortoorderoftheshipper,itistobe
endorsedbytheshipper.Anendorsementmaybemadebyanamedentityotherthantheshipper,
providedtheendorsementismadefor[oronbehalfof]theshipper.
b. Whenacreditrequiresamultimodaltransportdocumenttoevidencethatgoodsareconsignedto
orderof(namedentity),itisnottoindicatethatthegoodsarestraightconsignedtothatnamed
entity.
a. Whenacreditstipulatesthedetailsofoneormorenotifyparties,amultimodaltransportdocument
mayalsoindicatethedetailsofoneormoreadditionalnotifyparties.
b.
i) When a credit does not stipulate the details of a notify party, a multimodal transport
documentmayindicatethedetailsofanynotifypartyandinanymanner(exceptasstated
inparagraphD18)(b)(ii)).
ii) Whenacreditdoesnotstipulatethedetailsofanotifyparty,butthedetailsoftheapplicant
appear as notify party on a multimodal transport document, and these details include the
applicants address and contact details, they are not to conflict with those stated in the
credit.
Whenacreditrequiresamultimodaltransportdocumenttoevidencegoodsconsignedtoortotheorderof
issuingbankorapplicantornotifyapplicantorissuingbank,amultimodaltransportdocument
is to indicate the name of the issuing bank or applicant, as applicable, but need not indicate their
respectiveaddressesoranycontactdetailsthatmaybestatedinthecredit.
When the address and contact details of the applicant appear as part of the consignee or notify party
details,theyarenottoconflictwiththosestatedinthecredit.
Transshipment,partialshipmentanddeterminingthepresentationperiodwhenmultiplesetsof
multimodaltransportdocumentsarepresented
Inmultimodaltransporttransshipmentwilloccur.Transshipmentistheunloadingandreloadingofgoods
from one means of conveyance to another means of conveyance (whether or not in different modes of
transport)duringthecarriageofthosegoodsfromtheplaceofreceipt,dispatchortakingincharge,portof
loadingorairportofdeparturetotheplaceoffinaldestination,portofdischargeorairportofdestination
statedinthecredit.
Shipmentonmorethanonemeansofconveyance(morethanonetruck[lorry],vessel,aircraft,etc.)isa
partialshipment,evenwhensuchmeansofconveyanceleavesonthesamedayforthesamedestination.
a. Whenacreditprohibitspartialshipment,andmorethanonesetoforiginalmultimodaltransport
documentsarepresentedcoveringreceipt,dispatch,takinginchargeorshipmentfromoneormore
pointsoforigin(asspecificallyallowed,orwithinageographicalareaorrangeofplacesstatedin
the credit), each set is to indicate that it covers the carriage of goods on the same means of
conveyanceandsamejourneyandthatthegoodsaredestinedforthesamedestination.
b. Whenacreditprohibitspartialshipment,andmorethanonesetoforiginalmultimodaltransport
documentsarepresentedinaccordancewithparagraphD23)(a)andincorporatedifferentdatesof
receipt, dispatch, taking in charge, or shipment, the latest of these dates is to be used for the
calculationofanypresentationperiodandmustfallonorbeforethelatestdateofreceipt,dispatch,
takinginchargeorshipmentstatedinthecredit.
c. When partial shipment is allowed, and more than one set of original multimodal transport
documentsarepresentedaspartofasinglepresentationmadeunderonecoveringscheduleorletter
andincorporatedifferentdatesofreceipt,dispatch,takinginchargeorshipment,ondifferentmeans
ofconveyance,theearliestofthesedatesistobeusedforthecalculationofanypresentationperiod,

D24)
D25)
D26)
D27)
D28)
D29)
D30)
D31)
D32)
andeachofthesedatesmustfallonorbeforethelatestdateofreceipt,dispatch,takinginchargeor
shipmentstatedinthecredit.
Cleanmultimodaltransportdocument
Amultimodaltransportdocumentisnottoincludeaclauseorclausesthatexpresslydeclareadefective
conditionofthegoodsortheirpackaging.Forexample:
a. A clause on a multimodal transport document such as packaging is not sufficient for the sea
journey or words of similar effect is an example of a clause expressly declaring a defective
conditionofthepackaging.
b. Aclauseonamultimodaltransportdocumentsuchaspackagingmaynotbesufficientforthesea
journeyorwordsofsimilareffectdoesnotexpresslydeclareadefectiveconditionofthepackaging.
a. Itisnotnecessaryforthewordcleantoappearonamultimodaltransportdocumentevenwhen
thecreditrequiresamultimodaltransportdocumenttobemarkedcleanonboardorclean.
b. Deletion of the word clean on a multimodal transport document does not expressly declare a
defectiveconditionofthegoodsortheirpackaging.
Goodsdescription
A goods description indicated on a multimodal transport document may be in general terms not in
conflictwiththegoodsdescriptioninthecredit.
Indicationofnameandaddressofdeliveryagentatdestination
Whenacreditrequiresamultimodaltransportdocumenttoindicatethename,addressandcontactdetails
ofadeliveryagentorwordsofsimilareffect,atorfortheplaceoffinaldestinationorportofdischarge,the
addressneednotbeonethatislocatedattheplaceofdestinationorportofdischargeorwithinthesame
countryasthatoftheplaceofdestinationorportofdischarge.
Correctionsandalterations(corrections)
Anycorrectionofdataonamultimodaltransportdocumentistobeauthenticated.Suchauthenticationis
toappeartohavebeenmadebythecarrier,master(captain)oranyoneoftheirnamedagents,whomaybe
differentfromtheagentthatmayhaveissuedorsignedamultimodaltransportdocument,providedthey
areidentifiedasanagentofthecarrierormaster(captain).
Nonnegotiable copies of a multimodal transport document need not include authentication of any
correctionsthatmayhavebeenmadeontheoriginal.
Freightandadditionalcosts
Astatementappearingonamultimodaltransportdocumentindicatingthepaymentoffreightneednotbe
identicaltothatstatedinthecredit,butisnottoconflictwithdatainthatdocument,anyotherstipulated
document or the credit. For example, when a credit requires a multimodal transport document to be
markedfreightpayableatdestination,itmaybemarkedfreightcollect.
a. When a credit states that costs additional to freight are not acceptable, a multimodal transport
documentisnottoindicatethatcostsadditionaltothefreighthavebeenorwillbeincurred.
b. Anindicationofcostsadditionaltofreightmaybemadebyexpressreferencetoadditionalcostsor
by the use of trade terms which refer to costs associated with the loading or unloading of goods,
suchas,butnotlimitedto,FreeIn(FI),FreeOut(FO),FreeInandOut(FIO)andFreeInand
OutStowed(FIOS).
c. Reference in a multimodal transport document to costs which may be levied, for example, as a
resultofadelayinunloadingthegoods,orafterthegoodshavebeenunloaded(demurragecosts)or
costscoveringthelatereturnofcontainers(detentioncosts)isnotanindicationofcostsadditional
tofreight.
Releaseofgoodswithmorethanonemultimodaltransportdocumenttobesurrendered
A multimodal transport document is not to expressly state that goods covered by that multimodal
transportdocumentwillonlybereleaseduponitssurrendertogetherwithoneormoreothermultimodal
transportdocuments,unlessallofthereferencedmultimodaltransportdocumentsformpartofthesame
presentationunderthesamecredit.
For example, Container XXXX is covered by B/L No. YYY and ZZZ, and can only be released to a
singlemerchantuponpresentationofallmultimodaltransportdocumentsofthatmerchantisconsidered
to be an express statement that one or more other multimodal transport documents, related to the
referencedcontainerorpackingunit,mustbesurrenderedpriortothegoodsbeingreleased.
BILLOFLADING
ApplicationofUCP600Article20
E1)
a. A requirement in a credit for the presentation of a transport document, however named, only
covering a porttoport shipment, i.e., a credit that contains no reference to a place of receipt or
takinginchargeorplaceoffinaldestinationmeansthatUCP600article20istobeappliedinthe
b. AbillofladingisnottocontainanyindicationofacharterpartyasdescribedinparagraphsG2)
(a)and(b).
E2) A bill of lading need not be titled marine bill of lading, ocean bill of lading, porttoport bill of
ladingorwordsofsimilareffectevenwhenthecreditsonamestherequireddocument.
Issuance,carrier,identificationofthecarrierandsigningofabilloflading
E3)
a. Abillofladingmaybeissuedbyanyentityotherthanacarrierormaster(captain),providedit
meetstherequirementsofUCP600article20.
b. WhenacreditindicatesFreightForwardersBillofLadingisacceptableorHouseBillofLading
isacceptableorwordsofsimilareffect,abillofladingmaybesignedbytheissuingentitywithout
itbeingnecessarytoindicatethecapacityinwhichithasbeensignedorthenameofthecarrier.
E4) AstipulationinacreditthatFreightForwardersBillsofLadingarenotacceptableorHouseBillsof
Ladingarenotacceptableorwordsofsimilareffecthasnomeaninginthecontextofthetitle,format,
contentorsigningofabillofladingunlessthecreditprovidesspecificrequirementsdetailinghowthebill
of lading is to be issued and signed. In the absence of these requirements, such a stipulation is to be
disregarded,andthebillofladingpresentedistobeexaminedaccordingtotherequirementsofUCP600
article20.
E5)
a. A bill of lading is to be signed in the form described in UCP 600 subarticle 20 (a) (i) and to
indicatethenameofthecarrier,identifiedasthecarrier.
b. Whenabillofladingissignedbyanamedbranchofthecarrier,thesignatureisconsideredtohave
beenmadebythecarrier.
c. Whenanagentsignsabillofladingfor[oronbehalfof]thecarrier,theagentistobenamedand,
inaddition,toindicatethatitissigningasagentfor(name),thecarrierorasagentonbehalfof
(name), the carrier or words of similar effect. When the carrier is identified elsewhere in the
documentasthecarrier,thenamedagentmaysign,forexample,asagentfor[oronbehalfof]
thecarrierwithoutnamingthecarrieragain.
d. When the master (captain) signs a bill of lading, the signature of the master (captain) is to be
identifiedasthemaster(captain).Thenameofthemaster(captain)neednotbestated.
e. Whenanagentsignsabillofladingfor[oronbehalfof]themaster(captain),theagentistobe
namedand,inaddition,toindicatethatitissigningasagentforthemaster(orcaptain),oras
agent on behalf of the master (or captain) or words of similar effect. The name of the master
(captain)neednotbestated.
Onboardnotation,dateofshipment,precarriage,placeofreceiptandportofloading
E6)
a. WhenapreprintedShippedonboardbillofladingispresented,itsissuancedatewillbedeemed
b.
c.
d.
e.
f.
to be the date of shipmentunless it bears a separatedated on board notation. In the latter event,
suchdatewillbedeemedtobethedateofshipmentwhetherthatdateisbeforeoraftertheissuance
dateofthebilloflading.Theonboarddatemayalsobeindicatedinadesignatedfieldorbox.
Notwithstandingthatacreditmayrequireabillofladingtoevidenceaporttoportshipment:
i) whenabillofladingindicatesaplaceofreceiptthatisthesameastheportofloading,for
example,placeofreceiptRotterdamCYandtheportofloadingRotterdam,andthereisno
indicationofameansofprecarriage(eitherintheprecarriagefieldortheplaceofreceipt
field);or
ii) when a bill of lading indicates a place of receipt different from the port of loading, for
example, place of receipt Amsterdam and port of loading Rotterdam, and there is no
indicationofameansofprecarriage(eitherintheprecarriagefieldortheplaceofreceipt
field),then:
(1) when a bill of lading is preprinted shippedon board, thedateofissue will be

deemedtobethedateofshipment,andnofurtheronboardnotationisrequired.
(2) when a bill of lading is preprinted received for shipment, a dated on board
notationisrequired,andthedateappearinginthenotationwillbedeemedtobe
thedateofshipment.Theonboarddatemayalsobeindicatedinadesignatedfield
orbox.
Notwithstanding that a credit may require a bill of lading to evidence a porttoport shipment,
whenabilloflading:
i) indicates a place of receipt different from the port of loading, for example, place of receipt
Amsterdam and port of loading Rotterdam, and there is an indication of a means of
precarriage (either in the precarriage field or the place of receipt field), regardless of
whetheritispreprintedshippedonboardorreceivedforshipment,itistobearadated
onboardnotationwhichalsoindicatesthenameofthevesselandtheportofloadingstated
inthecredit.Suchnotationmayalsoappearinadesignatedfieldorbox.Thedateappearing
intheonboardnotationordesignatedfieldorboxwillbedeemedtobethedateofshipment.
ii) indicatesameansofprecarriage(eitherintheprecarriagefieldortheplaceofreceiptfield),
nomatterifnoplaceofreceiptisstatedorwhetheritispreprintedshippedonboardor
received for shipment, it is to bear a dated on board notation which also indicates the
name of the vessel and the port of loading stated in the credit. Such notation may also
appear in a designated field or box. The date appearing in the on board notation or
designatedfieldorboxwillbedeemedtobethedateofshipment.
WhenabillofladingindicateswordingsuchasWhentheplaceofreceiptboxhasbeencompleted,
anynotationonthisbillofladingofonboard,loadedonboardorwordsofsimilareffectshall
be deemed to be on board the means of transportation performing the carriage from the place of
receipttotheportofloadingorwordsofsimilareffect,andif,inaddition,theplaceofreceiptbox
iscompleted,abillofladingistobearadatedonboardnotation.Thedatedonboardnotationis
also toindicate the name of thevesseland the port ofloading statedin the credit.Such notation
may also appear in a designated field or box. The date appearing in the on board notation or
Thenamedportofloading,asrequiredbythecredit,shouldappearintheportofloadingfieldona
bill of lading. However, it may also be stated in the field headed Place of receipt or words of
similareffect,providedthereisadatedonboardnotationevidencingthatthegoodswereshippedon
boardanamedvesselattheportstatedunderPlaceofreceiptorwordsofsimilareffect.
Abillofladingistoindicatetheportofloadingstatedinthecredit.Whenacreditindicatesthe
E7)
E8)
E9)
E10)
E11)
E12)
E13)
E14)
port of loading by also stating the country in which the port is located, the name of the country
neednotbestated.
g. When a credit indicates a geographical area or range of ports of loading (for example, Any
EuropeanPortorHamburg,Rotterdam,AntwerpPort),abillofladingistoindicatetheactual
portofloading,whichistobewithinthatgeographicalareaorrangeofports.Abillofladingneed
notindicatethegeographicalarea.
h. Whenabillofladingindicatesmorethanoneportofloading,itistoevidenceanonboardnotation
with the relevant on board date for each port of loading, regardless of whether it is preprinted
received forshipment orshippedon board. For example, whena bill of lading indicates that
shipmenthasbeeneffectedfromBrisbaneandAdelaide,adatedonboardnotationisrequiredfor
bothBrisbaneandAdelaide.
Portofdischarge
a. Thenamedportofdischarge,asrequiredbythecredit,shouldappearintheportofdischargefield
withinabilloflading.
Abillofladingistoindicatetheportofdischargestatedinthecredit.Whenacreditindicatestheportof
discharge by also stating the country in which the port is located, the name of the country need not be
stated.
Whenacreditindicatesageographicalareaorrangeofportsofdischarge(forexample,AnyEuropean
Port or Hamburg, Rotterdam, Antwerp Port), a bill of lading is to indicate the actual port of
discharge,whichistobewithinthatgeographicalareaorrangeofports.Abillofladingneednotindicate
thegeographicalarea.
Originalbilloflading
a. Abillofladingistoindicatethenumberoforiginalsthathavebeenissued.
b. Bills of lading marked First Original, Second Original, Third Original, or Original,
Duplicate,Triplicateorsimilarexpressionsarealloriginals.
Whenacreditrequiresabillofladingtoevidencethatgoodsareconsignedtoanamedentity,forexample,
consignedto(namedentity)(i.e.,astraightbillofladingorconsignment)ratherthantoorderor
toorderof(namedentity),itisnottocontaintheexpressionstoorderortoorderofprecedingthe
namedentity,ortheexpressionororderfollowingthenamedentity,whethertypedorpreprinted.
a. Whenabillofladingisissuedtoorderortoorderoftheshipper,itistobeendorsedbythe
shipper. An endorsement may be made by a named entity other than the shipper, provided the
endorsementismadefor[oronbehalfof]theshipper.
b. When a credit requires a bill of lading to evidence that goods are consigned to order of (named
entity),itisnottoindicatethatthegoodsarestraightconsignedtothatnamedentity.
a. Whenacreditstipulatesthedetailsofoneormorenotifyparties,abillofladingmayalsoindicate
thedetailsofoneormoreadditionalnotifyparties.
b.
i) Whenacreditdoesnotstipulatethedetailsofanotifyparty,abillofladingmayindicatethe
E15)
E16)
E17)
E18)
E19)
E20)
E21)
E22)
detailsofanynotifypartyandinanymanner(exceptasstatedinparagraphE14)(b)(ii)).
appearasnotifypartyonabilloflading,andthesedetailsincludetheapplicantsaddress
andcontactdetails,theyarenottoconflictwiththosestatedinthecredit.
Whenacreditrequiresabillofladingtoevidencegoodsconsignedtoortotheorderofissuingbankor
applicantornotifyapplicantorissuingbank,abillofladingistoindicatethenameoftheissuing
bankorapplicant,asapplicable,butneednotindicatetheirrespectiveaddressesoranycontactdetailsthat
maybestatedinthecredit.
billsofladingarepresented
Transshipmentistheunloadingandreloadingofgoodsfromonevesseltoanotherduringthecarriageof
thosegoodsfromtheportofloadingtotheportofdischargestatedinthecredit.Whenabillofladingdoes
notindicateunloadingandreloadingbetweenthesetwoports,itisnottransshipmentinthecontextofthe
creditandUCP600subarticles20(b)and(c).
Shipmentonmorethanonevesselisapartialshipment,evenifeachvesselleavesonthesamedayforthe
samedestination.
a. When a credit prohibits partial shipment, and more than one set of original bills of lading are
presentedcoveringshipmentfromoneormoreportsofloading(asspecificallyallowed,orwithina
geographical area or range of ports stated in the credit), each set is to indicate that it covers the
shipmentofgoodsonthesamevesselandsamejourneyandthatthegoodsaredestinedforthesame
portofdischarge.
b. When a credit prohibits partial shipment, and more than one set of original bills of lading are
presentedinaccordancewithparagraphE19)(a)andincorporatedifferentdatesofshipment,the
latestofthesedatesistobeusedforthecalculationofanypresentationperiodandmustfallonor
beforethelatestshipmentdatestatedinthecredit.
c. Whenpartialshipmentisallowed,andmorethanonesetoforiginalbillsofladingarepresentedas
partofasinglepresentationmadeunderonecoveringscheduleorletterandincorporatedifferent
datesofshipment,ondifferentvesselsorthesamevesselforadifferentjourney,theearliestofthese
datesistobeusedforthecalculationofanypresentationperiod,andeachofthesedatesmustfall
onorbeforethelatestshipmentdatestatedinthecredit.
Cleanbilloflading
Abillofladingisnottoincludeaclauseorclausesthatexpresslydeclareadefectiveconditionofthegoods
ortheirpackaging.
Forexample:
a. A clause ona bill of lading suchaspackagingis notsufficient forthe sea journey or words of
similareffectisanexampleofaclauseexpresslydeclaringadefectiveconditionofthepackaging.
b. Aclauseonabillofladingsuchaspackagingmaynotbesufficientfortheseajourneyorwords
ofsimilareffectdoesnotexpresslydeclareadefectiveconditionofthepackaging.
a. Itisnotnecessaryforthewordcleantoappearonabillofladingevenwhenthecreditrequiresa
billofladingtobemarkedcleanonboardorclean.
b. Deletionofthewordcleanonabillofladingdoesnotexpresslydeclareadefectiveconditionof
thegoodsortheirpackaging.
Goodsdescription
Agoodsdescriptionindicatedonabillofladingmaybeingeneraltermsnotinconflictwiththegoods
descriptioninthecredit.
Indicationofnameandaddressofdeliveryagentatportofdischarge
E23) Whenacreditrequiresabillofladingtoindicatethename,addressandcontactdetailsofadeliveryagent
orwordsofsimilareffect,atorfortheportofdischarge,theaddressneednotbeonethatislocatedatthe
portofdischargeorwithinthesamecountryasthatoftheportofdischarge.
E24) Anycorrectionofdataonabillofladingistobeauthenticated.Suchauthenticationistoappeartohave
beenmadebythecarrier,master(captain)oranyoneoftheirnamedagents,whomaybedifferentfromthe
agentthatmayhaveissuedorsignedabilloflading,providedtheyareidentifiedasanagentofthecarrier
orthemaster(captain).
E25) Nonnegotiablecopiesofabillofladingneednotincludeauthenticationofanycorrectionsthatmayhave
beenmadeontheoriginal.
E26) Astatementappearingonabillofladingindicatingthepaymentoffreightneednotbeidenticaltothat
statedinthecredit,butisnottoconflictwithdatainthatdocument,anyotherstipulateddocumentorthe
credit.Forexample,whenacreditrequiresabillofladingtobemarkedfreightpayableatdestination,it
maybemarkedfreightcollect.
E27)
a. When a credit states that costs additional to freight are not acceptable, a bill of lading is not to
indicatethatcostsadditionaltothefreighthavebeenorwillbeincurred.
OutStowed(FIOS).
c. Reference in a bill of lading to costs which may be levied, for example, as a result of a delay in
unloadingthegoods,orafterthegoodshavebeenunloaded(demurragecosts)orcostscoveringthe
latereturnofcontainers(detentioncosts)isnotanindicationofcostsadditionaltofreight.
Releaseofgoodswithmorethanonebillofladingtobesurrendered
E28) Abillofladingisnottoexpresslystatethatgoodscoveredbythatbillofladingwillonlybereleasedupon
itssurrendertogetherwithoneormoreotherbillsoflading,unlessallofthereferencedbillsofladingform
partofthesamepresentationunderthesamecredit.
Forexample,ContainerXXXXiscoveredbyB/LNo.YYYandZZZandcanonlybereleasedtoasingle
merchant upon presentation of all bills of lading of that merchant is considered to be an express
statementthatoneormoreotherbillsoflading,relatedtothereferencedcontainerorpackingunit,must
besurrenderedpriortothegoodsbeingreleased.
NONNEGOTIABLESEAWAYBILL
ApplicationofUCP600Article21
F1)
a. A requirement in a credit for the presentation of a nonnegotiable sea waybill, covering a
porttoportshipmentonly,i.e.,acreditthatcontainsnoreferencetoaplaceofreceiptortakingin
charge or place of final destination means that UCP 600 article 21 is to be applied in the
b. A nonnegotiable sea waybill is not to contain any indication of a charter party as described in
paragraphsG2)(a)and(b).
Issuance,carrier,identificationofthecarrierandsigningofanonnegotiableseawaybill
F2)
a. Anonnegotiableseawaybillmaybeissuedbyanyentityotherthanacarrierormaster(captain)
provideditmeetstherequirementsofUCP600article21.
b. WhenacreditindicatesFreightForwardersnonnegotiableseawaybillisacceptableorHouse
F3)
F4)
F5)
nonnegotiable sea waybill is acceptable or words of similar effect, a nonnegotiable sea waybill
maybesignedbytheissuingentitywithoutitbeingnecessarytoindicatethecapacityinwhichit
hasbeensignedorthenameofthecarrier.
A stipulation in a credit that Freight Forwarders nonnegotiable sea waybill is not acceptable or
House nonnegotiable sea waybill is not acceptable or words of similar effect has no meaning in the
contextofthetitle,format,contentorsigningofanonnegotiableseawaybillunlessthecreditprovides
specific requirements detailing how the nonnegotiable sea waybill is to be issued and signed. In the
absenceoftheserequirements,suchastipulationistobedisregarded,andthenonnegotiableseawaybill
presentedistobeexaminedaccordingtotherequirementsofUCP600article21.
a. AnonnegotiableseawaybillistobesignedintheformdescribedinUCP600subarticle21(a)(i)
andtoindicatethenameofthecarrier,identifiedasthecarrier.
b. When a nonnegotiable sea waybill is signed by a named branch of the carrier, the signature is
c. Whenanagentsignsanonnegotiableseawaybillfor[oronbehalfof]thecarrier,theagentistobe
namedand,inaddition,toindicatethatitissigningasagentfor(name),thecarrierorasagent
onbehalfof(name),thecarrierorwordsofsimilareffect.Whenthecarrierisidentifiedelsewhere
in the document as the carrier, the named agent may sign, for example, as agent for [or on
behalfof]thecarrierwithoutnamingthecarrieragain.
d. Whenthemaster(captain)signsanonnegotiableseawaybill,thesignatureofthemaster(captain)
istobeidentifiedasthemaster(captain).Thenameofthemaster(captain)neednotbestated.
e. When an agent signs a nonnegotiable sea waybill for [or on behalf of] the master (captain), the
agent is to be named and, in addition, to indicate that it is signing as agent for the master (or
captain),orasagentonbehalfofthemaster(orcaptain)orwordsofsimilareffect.Thenameof
themaster(captain)neednotbestated.
a. WhenapreprintedShippedonboardnonnegotiableseawaybillispresented,itsissuancedate
willbedeemedtobethedateofshipmentunlessitbearsaseparatedatedonboardnotation.Inthe
latterevent,suchdatewillbedeemedtobethedateofshipmentwhetherthatdateisbeforeorafter
theissuancedateofthenonnegotiableseawaybill.Theonboarddatemayalsobeindicatedina
designatedfieldorbox.
b. Notwithstandingthatacreditmayrequireanonnegotiableseawaybilltoevidenceaporttoport
shipment:
i) whenanonnegotiableseawaybillindicatesaplaceofreceiptthatisthesameastheportof
loading,forexample,placeofreceiptRotterdamCYandtheportofloadingRotterdam,and
thereisnoindicationofameansofprecarriage(eitherintheprecarriagefieldortheplace
ofreceiptfield);or
ii) when a nonnegotiable sea waybill indicates a place of receipt different from the port of
loading,forexample,placeofreceiptAmsterdamandportofloadingRotterdam,andthereis
noindicationofameansofprecarriage(eitherintheprecarriagefieldortheplaceofreceipt
field),then:
(1) whenanonnegotiableseawaybillispreprintedshippedonboard,thedateof
issuewillbedeemedtobethedateofshipment,andnofurtheronboardnotationis
required.
(2) whenanonnegotiableseawaybillispreprintedreceivedforshipment,adated
on board notation is required, and the date appearing in the notation will be
deemedtobethedateofshipment.Theonboarddatemayalsobeindicatedina
F6)
F7)
c. Notwithstandingthatacreditmayrequireanonnegotiableseawaybilltoevidenceaporttoport
shipment,whenanonnegotiableseawaybill:
nomatterifnoplaceofreceiptisstatedorwhetheritispreprintedshippedonboardor
d. WhenanonnegotiableseawaybillindicateswordingsuchasWhentheplaceofreceiptboxhas
beencompleted,anynotationonthisnonnegotiableseawaybillofonboard,loadedonboard
orwordsofsimilareffectshallbedeemedtobeonboardthemeansoftransportationperformingthe
carriage from the place of receipt to the port of loading or words of similar effect, and if, in
addition, the place of receipt box is completed, a nonnegotiable sea waybill is to bear a dated on
boardnotation.Thedatedonboardnotationisalsotoindicatethenameofthevesselandtheportof
loadingstatedinthecredit.Suchnotationmayalsoappearinadesignatedfieldorbox.Thedate
appearing in the on board notation or designated field or box will be deemed to be the date of
shipment.
e. Thenamedportofloading,asrequiredbythecredit,shouldappearintheportofloadingfieldona
nonnegotiableseawaybill.However,itmayalsobestatedinthefieldheadedPlaceofreceiptor
wordsofsimilareffect,providedthereisadatedonboardnotationevidencingthatthegoodswere
shipped on board a named vessel at the port stated under Place of receipt or words of similar
effect.
f. Anonnegotiableseawaybillistoindicatetheportofloadingstatedinthecredit.Whenacredit
indicatestheportofloadingbyalsostatingthecountryinwhichtheportislocated,thenameofthe
European Port or Hamburg, Rotterdam, Antwerp Port), a nonnegotiable sea waybill is to
indicatetheactualportofloading,whichistobewithinthatgeographicalareaorrangeofports.A
nonnegotiableseawaybillneednotindicatethegeographicalarea.
h. Whenanonnegotiableseawaybillindicatesmorethanoneportofloading,itistoevidenceanon
boardnotationwiththerelevantonboarddateforeachportofloading,regardlessofwhetheritis
preprintedreceivedforshipmentorshippedonboard.Forexample,whenanonnegotiablesea
waybill indicates that shipment has been effected from Brisbane and Adelaide, a dated on board
notationisrequiredforbothBrisbaneandAdelaide.
Portofdischarge
F8)
F9)
F10)
F11)
F12)
F13)
F14)
withinanonnegotiableseawaybill.
A nonnegotiable sea waybill is to indicate the port of discharge stated in the credit. When a credit
indicates the port of discharge by also stating the country in which the port is located, the name of the
Whenacreditindicatesageographicalareaorrangeofportsofdischarge(forexampleAnyEuropean
Port or Hamburg, Rotterdam, Antwerp Port), a nonnegotiable sea waybill is to indicate the actual
port of discharge, which is to be within that geographical area or range of ports. A nonnegotiable sea
waybillneednotindicatethegeographicalarea.
Originalnonnegotiableseawaybill
a. Anonnegotiableseawaybillistoindicatethenumberoforiginalsthathavebeenissued.
b. Nonnegotiable sea waybills marked First Original, Second Original, Third Original, or
Original,Duplicate,Triplicateorsimilarexpressionsarealloriginals.
Consignee,orderparty,shipper,andnotifyparty
a. When a credit requires a nonnegotiable sea waybill to evidence that goods are consigned to a
namedentity,forexample,consignedto(namedentity),itisnottocontaintheexpressionsto
order or to order of preceding the named entity, or the expression or order following the
namedentity,whethertypedorpreprinted.
b. Whenacreditrequiresanonnegotiableseawaybilltoevidencethatgoodsareconsignedtoorder
of(namedentity),itmayindicatethatthegoodsareconsignedtothatentity,withoutmentioning
toorderof.
c. Whenacreditrequiresanonnegotiableseawaybilltoevidencethatgoodsareconsignedtoorder
withoutnamingtheentitytowhoseorderthegoodsaretobeconsigned,itistoindicatethatthe
goods are consigned to either the issuing bank or the applicant, without the need to mention the
wordstoorder.
a. Whenacreditstipulatesthedetailsofoneormorenotifyparties,anonnegotiableseawaybillmay
alsoindicatethedetailsofoneormoreadditionalnotifyparties.
b.
i) Whenacreditdoesnotstipulatethedetailsofanotifyparty,anonnegotiableseawaybill
may indicate the details of any notify party and in any manner (except as stated in
paragraphF12)(b)(ii)).
appear as notify party on a nonnegotiable sea waybill, and these details include the
credit.
When a credit requires a nonnegotiable sea waybill to evidence goods consigned to issuing bank or
applicantornotifyapplicantorissuingbank,anonnegotiableseawaybillistoindicatethename
of the issuing bank or applicant, as applicable, but need not indicate their respective addresses or any
contactdetailsthatmaybestatedinthecredit.
F15)
F16)
F17)
F18)
F19)
F20)
F21)
F22)
F23)
nonnegotiableseawaybillsarepresented
Transshipmentistheunloadingandreloadingofgoodsfromonevesseltoanotherduringthecarriageof
thosegoodsfromtheportofloadingtotheportofdischargestatedinthecredit.Whenanonnegotiable
seawaybilldoesnotindicateunloadingandreloadingbetweenthesetwoports,itisnottransshipmentin
thecontextofthecreditandUCP600subarticles21(b)and(c).
samedestination.
a. When a credit prohibits partial shipment, and more than one set of original nonnegotiable sea
waybillsarepresentedcoveringshipmentfromoneormoreportsofloading(asspecificallyallowed,
orwithinageographicalareaorrangeofportsstatedinthecredit),eachsetistoindicatethatit
coverstheshipmentofgoodsonthesamevesselandsamejourneyandthatthegoodsaredestined
forthesameportofdischarge.
b. When a credit prohibits partial shipment, and more than one set of original nonnegotiable sea
waybills are presented in accordance with paragraph F17) (a) and incorporate different dates of
shipment,thelatestofthesedatesistobeusedforthecalculationofanypresentationperiodand
mustfallonorbeforethelatestshipmentdatestatedinthecredit.
c. Whenpartialshipmentisallowed,andmorethanonesetoforiginalnonnegotiableseawaybillsare
presented as part of a single presentation made under one covering schedule or letter and
incorporate different dates of shipment, on different vessels or the same vessel for a different
journey,theearliestofthesedatesistobeusedforthecalculationofanypresentationperiod,and
eachofthesedatesmustfallonorbeforethelatestshipmentdatestatedinthecredit.
Cleannonnegotiableseawaybill
A nonnegotiable sea waybill is not to include a clause or clauses that expressly declare a defective
a. Aclauseonanonnegotiableseawaybillsuchaspackagingisnotsufficientfortheseajourney
orwordsofsimilareffectisanexampleofaclauseexpresslydeclaringadefectiveconditionofthe
packaging.
b. A clause on a nonnegotiable sea waybill such as packaging may not be sufficient for the sea
a. Itisnotnecessaryforthewordcleantoappearonanonnegotiableseawaybillevenwhenthe
creditrequiresanonnegotiableseawaybilltobemarkedcleanonboardorclean.
b. Deletionofthewordcleanonanonnegotiableseawaybilldoesnotexpresslydeclareadefective
conditionofthegoodsortheirpackaging.
Goodsdescription
Agoodsdescriptionindicatedonanonnegotiableseawaybillmaybeingeneraltermsnotinconflictwith
thegoodsdescriptioninthecredit.
Indicationofnameandaddressofdeliveryagentatportofdischarge
Whenacreditrequiresanonnegotiableseawaybilltoindicatethename,addressandcontactdetailsofa
deliveryagentorwordsofsimilareffect,atorfortheportofdischarge,theaddressneednotbeonethatis
locatedattheportofdischargeorwithinthesamecountryasthatoftheportofdischarge.
Anycorrectionofdataonanonnegotiableseawaybillistobeauthenticated.Suchauthenticationisto
appeartohavebeenmadebythecarrier,master(captain)oranyoneoftheirnamedagents,whomaybe
different from the agent that mayhave issued or signed a nonnegotiable sea waybill, providedthey are
identifiedasanagentofthecarrierorthemaster(captain).
Copiesofanonnegotiableseawaybillneednotincludeauthenticationofanycorrectionsthatmayhave
F24) A statement appearing on a nonnegotiable sea waybill indicating the payment of freight need not be
document or the credit. For example, when a credit requires a nonnegotiable sea waybill to be marked
freightpayableatdestination,itmaybemarkedfreightcollect.
F25)
a. Whenacreditstatesthatcostsadditionaltofreightarenotacceptable,anonnegotiableseawaybill
isnottoindicatethatcostsadditionaltothefreighthavebeenorwillbeincurred.
OutStowed(FIOS).
c. Referenceinanonnegotiableseawaybilltocostswhichmaybelevied,forexample,asaresultofa
delay in unloading the goods, or after the goods have been unloaded (demurrage costs) or costs
covering the late return of containers (detention costs) is not an indication of costs additional to
freight.
CHARTERPARTYBILLOFLADING
G1) When thereis a requirement ina creditfor the presentation of a charter party bill oflading, orwhen a
creditallowspresentationofacharterpartybillofladingandacharterpartybillofladingispresented,
UCP600article22istobeappliedintheexaminationofthatdocument.
G2)
a. A transport document, however named, containing any indication that it is subject to, or any
referenceto,acharterpartyisdeemedtobeacharterpartybilloflading.
b. A transport document, however named, indicating expressions such as freight payable as per
charterpartydated(withorwithoutmentioningadate),orfreightpayableaspercharterparty,
willbeanindicationthatitissubjecttoacharterparty.
G3) Atransportdocument,howevernamed,containingacodenameorformnameusuallyassociatedwitha
charter party bill of lading, for example, Congenbill or Tanker Bill of Lading without any further
indicationorreferencetoacharterparty,isnotbyitselfanindicationof,orreferenceto,acharterparty.
Signingofacharterpartybilloflading
G4)
a. AcharterpartybillofladingistobesignedintheformdescribedinUCP600subarticle22(a)(i).
b. Whenthemaster(captain),ownerorcharterersignsacharterpartybilloflading,thesignatureof
the master (captain), owner or charterer is to be identified as master (captain), owner or
charterer.
c. Whenanagentsignsacharterpartybillofladingfor[oronbehalfof]themaster(captain),owner
orcharterer,theagentistobenamedand,inaddition,toindicatethatitissigningasagentfor[or
onbehalfof]themaster(captain),ownerorchartererasthecasemaybe.
i) When a charter party bill of lading is signed by an agent for [or on behalf of] the master
(captain),thenameofthemaster(captain)neednotbestated.
ii) Whenacharterpartybillofladingissignedbyanagentfor[oronbehalfof]theowneror
charterer,thenameoftheownerorchartereristobestated.
G5)
a. WhenapreprintedShippedonboardcharterpartybillofladingispresented,itsissuancedate
willbedeemedtobethedateofshipmentunlessitbearsaseparatedatedonboardnotation.Inthe
latterevent,suchdatewillbedeemedtobethedateofshipmentwhetherthatdateisbeforeorafter
theissuancedateofthecharterpartybilloflading.Theonboarddatemayalsobeindicatedina
b.
c.
d.
e.
Notwithstandingthatacreditmayrequireacharterpartybillofladingtoevidenceaporttoport
shipment:
i) whenacharterpartybillofladingindicatesaplaceofreceiptthatisthesameastheportof
loading,forexample,placeofreceiptRotterdamCYandtheportofloadingRotterdam,and
thereisnoindicationofameansofprecarriage(eitherintheprecarriagefieldortheplace
ofreceiptfield);or
ii) when a charter party bill of lading indicates a place of receipt different from the port of
loading,forexample,placeofreceiptAmsterdamandportofloadingRotterdam,andthereis
noindicationofameansofprecarriage(eitherintheprecarriagefieldortheplaceofreceipt
field),then:
(1) whenacharterpartybillofladingispreprintedshippedonboard,thedateof
issuewillbedeemedtobethedateofshipment,andnofurtheronboardnotationis
required.
(2) whenacharterpartybillofladingispreprintedreceivedforshipment,adated
on board notation is required, and the date appearing in the notation will be
deemedtobethedateofshipment.Theonboarddatemayalsobeindicatedina
Notwithstandingthatacreditmayrequireacharterpartybillofladingtoevidenceaporttoport
shipment,whenacharterpartybilloflading:
nomatterifnoplaceofreceiptisstated,orwhetheritispreprintedshippedonboardor
WhenacharterpartybillofladingshowswordingsuchasWhentheplaceofreceiptboxhasbeen
completed, any notation on this charter party bill of lading of on board, loaded on board or
wordsofsimilareffectshallbedeemedtobeonboardthemeansoftransportationperformingthe
carriage from the place of receipt to the port of loading or words of similar effect, and if, in
addition, theplace of receipt box is completed,a charter party bill of lading is tobear a datedon
boardnotation.Thedatedonboardnotationisalsotoindicatethenameofthevesselandtheportof
loadingstatedinthecredit.Suchnotationmayalsoappearinadesignatedfieldorbox.Thedate
appearing in the on board notation or designated field or box will be deemed to be the date of
shipment.
Thenamedportofloading,asrequiredbythecredit,shouldappearintheportofloadingfieldona
charterpartybilloflading.However,itmayalsobestatedinthefieldheadedPlaceofreceiptor
wordsofsimilareffect,providedthereisadatedonboardnotationevidencingthatthegoodswere
shipped on board a named vessel at the port stated under Place of receipt or words of similar
G6)
G7)
G8)
G9)
G10)
G11)
G12)
effect.
f. Acharterpartybillofladingistoindicatetheportofloadingstatedinthecredit.Whenacredit
indicatestheportofloadingbyalsostatingthecountryinwhichtheportislocated,thenameofthe
European Port or Hamburg, Rotterdam, Antwerp Port), a charter party bill of lading is to
indicatetheactualportorportsofloading,whicharetobewithinthatgeographicalareaorrangeof
ports.Acharterpartybillofladingneednotindicatethegeographicalarea.
h. Whenacharterpartybillofladingindicatesmorethanoneportofloading,itistoevidenceanon
boardnotationwiththerelevantonboarddateforeachportofloading,regardlessofwhetheritis
preprintedreceivedforshipmentorshippedonboard.Forexample,whenacharterpartybill
ofladingindicatesthatshipmenthasbeeneffectedfromBrisbaneandAdelaide,adatedonboard
notationisrequiredforbothBrisbaneandAdelaide.
Portofdischarge
withinacharterpartybilloflading.
A charter party bill of lading is to indicate the port of discharge stated in the credit. When a credit
indicates the port of discharge by also stating the country in which the port is located, the name of the
Whenacreditindicatesageographicalareaorrangeofportsofdischarge(forexample,AnyEuropean
Port or Hamburg, Rotterdam, Antwerp Port),a charter party bill oflading may indicate the actual
port of discharge, which is to be within that geographical area or range of ports, or it may show the
geographicalareaorrangeofportsastheportofdischarge.
Originalcharterpartybilloflading
a. Acharterpartybillofladingistoindicatethenumberoforiginalsthathavebeenissued.
b. Charter party bills of lading marked First Original, Second Original, Third Original, or
Original,Duplicate,Triplicateorsimilarexpressionsarealloriginals.
When a credit requires a charter party bill of lading to evidence that goods are consigned to a named
entity, for example, consigned to (named entity) (i.e., a straight charter party bill of lading or
consignment)ratherthantoorderortoorderof(namedentity),itisnottocontaintheexpressions
toorderortoorderofprecedingthenamedentityortheexpressionororderfollowingthenamed
entity,whethertypedorpreprinted.
a. When a charter party bill of lading is issued to order or to order of the shipper, it is to be
endorsedbytheshipper.Anendorsementmaybemadebyanamedentityotherthantheshipper,
providedtheendorsementismadefor[oronbehalfof]theshipper.
b. Whenacreditrequiresacharterpartybillofladingtoevidencethatgoodsareconsignedtoorder
of(namedentity),itisnottoindicatethatthegoodsarestraightconsignedtothatnamedentity.
G13)
G14)
G15)
G16)
G17)
G18)
G19)
a. Whenacreditstipulatesthedetailsofoneormorenotifyparties,acharterpartybillofladingmay
b.
i) Whenacreditdoesnotstipulatethedetailsofanotifyparty,acharterpartybilloflading
may indicate the details of any notify party and in any manner (except as stated in
paragraphG13)(b)(ii)).
appear as notify party on a charter party bill of lading, and these details include the
credit.
When a credit requires a charter party bill of lading to evidence goods consigned to or to the order of
issuingbankorapplicantornotifyapplicantorissuingbank,acharterpartybillofladingisto
indicate the name of the issuing bank or applicant, as applicable, but need not indicate their respective
addressesorcontactdetailsthatmaybestatedinthecredit.
Partialshipmentanddeterminingthepresentationperiodwhenmultiplesetsofcharterparty
billsofladingarepresented
samedestination.
a. Whenacreditprohibitspartialshipment,andmorethanonesetoforiginalcharterpartybillsof
ladingarepresentedcoveringshipmentfromoneormoreportsofloading(asspecificallyallowed,
orwithinageographicalareaorrangeofportsstatedinthecredit),eachsetistoindicatethatit
coverstheshipmentofgoodsonthesamevesselandsamejourneyandthatthegoodsaredestined
forthesameportofdischarge,geographicalareaorrangeofports.
b. Whenacreditprohibitspartialshipment,andmorethanonesetoforiginalcharterpartybillsof
lading are presented in accordance with paragraph G17) (a) and incorporate different dates of
shipment,oronesetoforiginalcharterpartybillsofladingispresentedindicatingdifferentdatesof
shipment,thelatestofthesedatesistobeusedforthecalculationofanypresentationperiodand
mustfallonorbeforethelatestshipmentdatestatedinthecredit.
c. Whenpartialshipmentisallowed,andmorethanonesetoforiginalcharterpartybillsofladingare
presented as part of a single presentation made under one covering schedule or letter and
incorporate different dates of shipment, on different vessels or the same vessel for a different
journey,theearliestofthesedatesistobeusedforthecalculationofanypresentationperiod,and
eachofthesedatesmustfallonorbeforethelatestshipmentdatestatedinthecredit.
Cleancharterpartybilloflading
A charter party bill of lading is not to include a clause or clauses that expressly declare a defective
a. Aclauseonacharterpartybillofladingsuchaspackagingisnotsufficientfortheseajourneyor
words of similar effect is an example of a clause expressly declaring a defective condition of the
packaging.
b. A clause on a charter party bill of lading such as packaging may not be sufficient for the sea
a. Itisnotnecessaryforthewordcleantoappearonacharterpartybillofladingevenwhenthe
creditrequiresacharterpartybillofladingtobemarkedcleanonboardorclean.
b. Deletionofthewordcleanonacharterpartybillofladingdoesnotexpresslydeclareadefective
Goodsdescription
G20) Agoodsdescriptionindicatedonacharterpartybillofladingmaybeingeneraltermsnotinconflictwith
G21) Acharterpartybillofladingmayindicatethatthegoodsarepartofalargerconsignmentloadedontothe
namedvesselbyreferencetowithoutsegregation,commingledorwordsofsimilareffect.
G22) Anycorrectionofdataonacharterpartybillofladingistobeauthenticated.Suchauthenticationisto
appeartohavebeenmadebythemaster(captain),owner,chartereroranyoneoftheirnamedagents,who
maybedifferentfromtheagentthatmayhaveissuedorsignedacharterpartybilloflading,providedthey
areidentifiedasanagentofthemaster(captain),ownerorcharterer.
G23) Nonnegotiablecopiesofacharterpartybillofladingneednotincludeauthenticationofanycorrections
thatmayhavebeenmadeontheoriginal.
G24) A statement appearing on a charter party bill of lading indicating the payment of freight need not be
identicaltothatstatedinthecreditbutisnottoconflictwithdatainthatdocument,anyotherstipulated
document or the credit. For example, when a credit requires a charter party bill of lading to be marked
freightpayableatdestination,itmaybemarkedfreightcollect.
G25)
a. Whenacreditstatesthatcostsadditionaltofreightarenotacceptable,acharterpartybilloflading
isnottoindicatethatcostsadditionaltothefreighthavebeenorwillbeincurred.
OutStowed(FIOS).
c. Referenceinacharterpartybillofladingtocostswhichmaybelevied,forexample,asaresultofa
delay in unloading the goods or after the goods have been unloaded (demurrage costs) is not an
indicationofcostsadditionaltofreight.
Releaseofgoodswithmorethanonecharterpartybillofladingtobesurrendered
G26) A charter party bill of lading is not to expressly state that goods covered by that charter party bill of
lading will only be released upon its surrender together with one or more other charter party bills of
lading,unlessallofthereferencedcharterpartybillsofladingformpartofthesamepresentationunder
the same credit. For example, [Cargo XXXX] is covered by B/L No. YYY and ZZZ, and can only be
released to a single merchant upon presentation of all charter party bills of lading of that merchant is
consideredtobeanexpressstatementthatoneormoreothercharterpartybillsoflading,relatedtothe
referencedcargo,mustbesurrenderedpriortothegoodsbeingreleased.
Charterpartycontracts
G27) Unless UCP 600 subarticle 22 (b) is specifically excluded and the credit specifically indicates the data
thataretobeexaminedandtowhatextent,banksdonotexamineanycontentofacharterpartycontract,
evenwhensuchcontractisrequiredasastipulateddocumentunderthecredit.
AIRTRANSPORTDOCUMENT
H1) Arequirementinacreditforthepresentationofanairtransportdocument,howevernamed,coveringan
airporttoairport shipment means that UCP 600 article 23 is to be applied in the examination of that
document.
H2) Anairtransportdocumentneednotbetitledairwaybill,airconsignmentnoteorwordsofsimilar
effectevenwhenthecreditsonamestherequireddocument.
Issuance,carrier,identificationofthecarrierandsigningofanairtransportdocument
H3)
H4)
H5)
H6)
H7)
H8)
H9)
H10)
H11)
H12)
a. Anairtransportdocumentmaybeissuedbyanyentityotherthanacarrierprovideditmeetsthe
requirementsofUCP600article23.
b. When a credit indicates Freight Forwarders air waybill is acceptable or House air waybill is
acceptable or words of similar effect, an air transport document may be signed by the issuing
entitywithoutitbeingnecessarytoindicatethecapacityinwhichithasbeensignedorthenameof
thecarrier.
AstipulationinacreditthatFreightForwardersairwaybillisnotacceptableorHouseairwaybillis
not acceptable or words of similar effect has no meaning in the context of the title, format, content or
signingofanairtransportdocumentunlessthecreditprovidesspecificrequirementsdetailinghowtheair
transportdocumentistobeissuedandsigned.Intheabsenceoftheserequirements,suchastipulationis
to be disregarded, and the air transport document presented is to be examined according to the
requirementsofUCP600article23.
a. AnairtransportdocumentistobesignedintheformdescribedinUCP600subarticle23(a)(i)
andtoindicatethenameofthecarrier,identifiedasthecarrier.
b. When an air transport document is signed by a named branch of the carrier, the signature is
c. The carrier is to be identified by its name instead of an IATA airline code, for example, British
AirwaysinsteadofBA,LufthansainsteadofLH.
When an agent signs an air transport document for [or on behalf of] the carrier, the agent is to be
namedand,inaddition,toindicatethatitissigningasagentfor(name),thecarrierorasagenton
behalf of (name), the carrier or words of similar effect. When the carrier is identified elsewhere in the
document as the carrier, the named agent may sign, for example, as agent for [or on behalf of] the
carrierwithoutnamingthecarrieragain.
Goodsacceptedforcarriage,dateofshipmentandrequirementforanactualdateofshipment
Anairtransportdocumentistoindicatethatthegoodshavebeenacceptedforcarriageorwordsofsimilar
effect.
a. Anairtransportdocumentistoindicateadateofissuance.Thisdatewillbedeemedtobethedate
of shipment unless an air transport document contains a specific notation of the actual date of
shipment. In the latter event, the date stated in the notation will be deemed to be the date of
shipmentwhetherthatdateisbeforeoraftertheissuancedateoftheairtransportdocument.
b. Intheabsenceofaspecificnotationcontainingtheactualdateofshipment,anyotherinformation
appearingonanairtransportdocumentrelativetothisinformation(including,forexample,ina
boxlabeledForCarrierUseOnly,RequiredFlightDateorRoutingandDestination)isto
bedisregardedinthedeterminationofthedateofshipment.
Airportsofdepartureanddestination
Anairtransportdocumentistoindicatetheairportofdepartureandairportofdestinationstatedinthe
credit.Whenacreditindicateseitheroftheseairportsbyalsostatingthecountryinwhichtheairportis
located,thenameofthecountryneednotbestated.
TheairportofdepartureandairportofdestinationmayalsobeindicatedbytheuseofIATAcodesinstead
ofevidencingtheairportnameinfull(forexample,LAXinsteadofLosAngeles).
Whenacreditindicatesageographicalareaorrangeofairportsofdepartureordestination(forexample,
Any Chinese Airport or Shanghai, Beijing, Guangzhou airport), an air transport document is to
indicate the actual airport of departure or destination, which is to be within that geographical area or
rangeofairports.Anairtransportdocumentneednotindicatethegeographicalarea.
Originalofanairtransportdocument
Anairtransportdocumentistoappeartobetheoriginalforconsignororshipper.Whenacreditrequires

H13)
H14)
H15)
H16)
H17)
H18)
H19)
afullsetoforiginals,thisissatisfiedbythepresentationofanairtransportdocumentindicatingthatitis
theoriginalforconsignororshipper.
Consignee,orderpartyandnotifyparty
a. Whenacreditrequiresanairtransportdocumenttoevidencethatgoodsareconsignedtoorderof
(namedentity),itmayindicatethatthegoodsareconsignedtothatentity,withoutmentioning
toorderof.
b. Whenacreditrequiresanairtransportdocumenttoevidencethatgoodsareconsignedtoorder
withoutnamingtheentitytowhoseorderthegoodsaretobeconsigned,itistoindicatethatthe
goods are consigned to either the issuing bank or the applicant, without the need to mention the
wordstoorder.
a. Whenacreditstipulatesthedetailsofoneormorenotifyparties,anairtransportdocumentmay
b.
i) Whenacreditdoesnotstipulatethedetailsofanotifyparty,anairtransportdocumentmay
indicate the details of any notify party and in any manner (except as stated in paragraph
H14)(b)(ii)).
appear as notify party on an air transport document, and these details include the
credit.
When a credit requires an air transport document to evidence goods consigned to issuing bank or
applicantornotifyapplicantorissuingbank,anairtransportdocumentistoindicatethenameof
theissuingbankorapplicant,asapplicable,butneednotindicatetheirrespectiveaddressesoranycontact
detailsthatmaybestatedinthecredit.
Transshipment, partial shipment and determining the presentation period when multiple air
transportdocumentsarepresented
Transshipmentistheunloadingandreloadingofgoodsfromoneaircrafttoanotherduringthecarriageof
those goods from the airport of departure to the airport of destination stated in the credit. When an air
transport document does not indicate unloading and reloading between these two airports, it is not
transshipmentinthecontextofthecreditandUCP600subarticles23(b)and(c).
Dispatchonmorethanoneaircraftisapartialshipment,evenifeachaircraftleavesonthesamedayfor
thesamedestination.
a. Whenacreditprohibitspartialshipment,andmorethanoneairtransportdocumentsarepresented
covering dispatch from one or more airports of departure (as specifically allowed, or within a
geographical area or range of airports stated in the credit), each air transport document is to
indicatethatitcoversthedispatchofgoodsonthesameaircraftandsameflightandthatthegoods
aredestinedforthesameairportofdestination.
b. Whenacreditprohibitspartialshipment,andmorethanoneairtransportdocumentsarepresented
in accordance with paragraph H19) (a) and incorporate different dates of dispatch, the latest of
thesedatesistobeusedforthecalculationofanypresentationperiodandmustfallonorbeforethe
latestshipmentdatestatedinthecredit.
c. Whenpartialshipmentisallowed,andmorethanoneairtransportdocumentsarepresentedaspart
ofasinglepresentationmadeunderonecoveringscheduleorletterandincorporatedifferentdates
of dispatch or different flights, the earliest of these dates is to be used for the calculation of any
presentationperiod,andeachofthesedatesmustfallonorbeforethelatestshipmentdatestatedin
thecredit.
Cleanairtransportdocument
H20) Anairtransportdocumentisnottoincludeaclauseorclausesthatexpresslydeclareadefectivecondition
ofthegoodsortheirpackaging.Forexample:
a. Aclauseonanairtransportdocumentsuchaspackagingisnotsufficientfortheairjourneyor
words of similar effect is an example of a clause expressly declaring a defective condition of the
packaging.
b. A clause on an air transport document such as packaging may not be sufficient for the air
H21)
a. It is not necessary for the word clean to appear on an air transport document even when the
creditrequiresanairtransportdocumenttobemarkedclean.
b. Deletionofthewordcleanonanairtransportdocumentdoesnotexpresslydeclareadefective
Goodsdescription
H22) Agoodsdescriptionindicatedonanairtransportdocumentmaybeingeneraltermsnotinconflictwith
H23) Any correction of data on an air transport document is to be authenticated. Such authentication is to
appeartohavebeenmadebythecarrieroranyoneofitsnamedagents,whomaybedifferentfromthe
agentthatmayhaveissuedorsignedtheairtransportdocument,providedtheyareidentifiedasanagent
ofthecarrier.
H24) Copies of an air transport document need not include authentication of any corrections that may have
H25) A statement appearing on an air transport document indicating the payment of freight need not be
document or the credit. For example, when a credit requires an air transport document to be marked
freightcollect,itmaybemarkedfreightpayableatdestination.
H26) Anairtransportdocumentmaycontainseparateboxes,whichbytheirpreprintedheadingsindicatethat
theyareforfreightchargesprepaidandforfreightchargescollect.
a. Whenacreditrequiresanairtransportdocumenttoshowthatfreighthasbeenprepaid,thiswill
alsobefulfilledbyanindicationofthefreightchargesundertheheadingFreightChargesPrepaid
orwordsofsimilareffect.
b. Whenacreditrequiresanairtransportdocumenttoshowthatfreightistobecollectedorpaidat
destination, this will also be fulfilled by an indication of the freight charges under the heading
FreightChargesCollectorwordsofsimilareffect.
H27)
a. Whenacreditstatesthatcostsadditionaltofreightarenotacceptable,anairtransportdocumentis
nottoindicatethatcostsadditionaltothefreighthavebeenorwillbeincurred.
b. Referenceinanairtransportdocumenttocostswhichmaybelevied,forexample,asaresultofa
delayin unloading the goods or after the goods have been unloaded, is not an indicationof costs
additionaltofreight.
ROAD,RAILORINLANDWATERWAYTRANSPORTDOCUMENTS
J1) A requirement in a credit for the presentation of a transport document covering movement of goods by
eitherroadorrailorinlandwaterwaymeansthatUCP600article24istobeappliedintheexamination
ofthatdocument.
Carrier, identification of the carrier and signing of a road, rail or inland waterway transport
document
J2)
a. Aroad,railorinlandwaterwaytransportdocumentistobesignedintheformdescribedinUCP
600subarticle24(a)(i)andtoindicatethenameofthecarrier,identifiedasthecarrier(exceptas
statedinparagraphJ4)(b)).
b. When a road, rail or inland waterway transport document is signed by a named branch of the
carrier,thesignatureisconsideredtohavebeenmadebythecarrier.
c. Thetermcarrierincludestermssuchasissuingcarrier,actualcarrier,succeedingcarrier
andcontractingcarrier.
J3) Anysignature,stampornotationofreceiptofthegoodsistoappeartoindicatethatithasbeenmadeby:
a. thecarrier,identifiedasthecarrier;or
b. a named agent acting or signing for [or on behalf of] the carrier and indicating the name of the
carrier,identifiedasthecarrier,onwhosebehalfthatagentisactingorsigning;or
c. arailwaycompanyorrailwaystationofdeparture.
J4)
a. Thetermcarrierneednotappearonthesignaturelineprovidedthetransportdocumentappears
to be signed by the carrier or a named agent for [or on behalf of] the carrier, and the carrier is
otherwiseidentifiedelsewhereinthetransportdocumentasthecarrier.
b. A rail transport document may bear a date stamp by the railway company or railway station of
departurewithoutindicatingthenameofthecarrieroranamedagentsigningfor[oronbehalfof]
thecarrier.
Placeofshipmentandplaceofdestination
J5) A road, rail or inland waterway transport document is to indicate the place of shipment and place of
destinationstatedinthecredit.Whenacreditindicateseitheroftheseplacesbyalsostatingthecountryin
whichtheplaceislocated,thenameofthecountryneednotbestated.
J6) When a credit indicates a geographical area or range of places of shipment or destination (for example,
ChinaorShanghai,BeijingorGuangzhou),aroad,railorinlandwaterwaytransportdocumentisto
indicatetheactualplaceofshipmentordestination,whichistobewithinthatgeographicalareaorrange
ofplaces.Aroad,railorinlandwaterwaytransportdocumentneednotindicatethegeographicalarea.
Originalandduplicateofaroad,railorinlandwaterwaytransportdocument
J7)
a. Arailorinlandwaterwaytransportdocumentistobeconsideredasanoriginalwhetherornotitis
somarked.
b. Aroadtransportdocumentistoindicatethatitistheoriginalforconsignororshipper(copyfor
sender)orbearnomarkingindicatingforwhomthedocumenthasbeenprepared.
c. Presentationoftheoriginalforconsignororshipper(copyforsender)ofaroadtransportdocument
or duplicate rail transport document shall suffice even when the credit requires presentation of a
fullsetoftherelevanttransportdocuments.
d. Aduplicate(oftenacarboncopy)ofarailtransportdocument,authenticatedbythesignatureor
stampoftherailwaycompanyortherailwaystationofdeparture,isconsideredtobeanoriginal.
Consignee,orderpartyandnotifyparty
J8)
a. Whenacreditrequiresaroadorrailtransportdocumenttoevidencethatgoodsareconsignedto
order of (named entity), it may indicate that the goods are consigned to that entity, without
mentioningtoorderof.
b. Whenacreditrequiresaroadorrailtransportdocumenttoevidencethatgoodsareconsignedto
orderwithoutnamingtheentitytowhoseorderthegoodsaretobeconsigned,itistoindicatethat
thegoodsareconsignedeithertotheissuingbankortheapplicant,withouttheneedtomentionthe
wordstoorder.
J9)
J10)
J11)
J12)
J13)
J14)
c. When a credit requires an inland waterway transport document, paragraphs J8) (a) and (b) will
apply except when the document is issued in the form of a bill of lading. In such event, the
consigneefieldistobecompletedaccordingtotherequirementsofthecredit.
a. Whenacreditstipulatesthedetailsofoneormorenotifyparties,aroad,railorinlandwaterway
transportdocumentmayalsoindicatethedetailsofoneormoreadditionalnotifyparties.
b.
i) Whenacreditdoesnotstipulatethedetailsofanotifyparty,aroad,railorinlandwaterway
transportdocumentmayindicatethedetailsofanynotifypartyandinanymanner(except
asstatedinparagraphJ9)(b)(ii)).
appear as notify party on a road, rail or inland waterway transport document, and these
detailsincludetheapplicantsaddressandcontactdetails,theyarenottoconflictwiththose
statedinthecredit.
Whenacreditrequiresaroad,railorinlandwaterwaytransportdocumenttoevidencegoodsconsignedto
ortotheorderofissuingbankorapplicantornotifyapplicantorissuingbank,aroad,railor
inland waterway transport document is to indicate the name of the issuing bank or applicant, as
applicable,butneednotindicatetheirrespectiveaddressesoranycontactdetailsthatmaybestatedinthe
credit.Aroadorrailtransportdocumentneednotalsoindicatetoorderof,asstatedinparagraphJ8)
(b).
Transshipment,partialshipmentanddeterminingthepresentationperiodwhenmultipleroad,
railorinlandwaterwaytransportdocumentsarepresented
Transshipmentistheunloadingandreloadingofgoodsfromonemeansofconveyancetoanotherwithin
thesamemodeoftransport(truck[lorry],train,barge,etc.,)duringthecarriageofthosegoodsfromthe
placeofshipment,dispatchorcarriagetotheplaceofdestinationstatedinthecredit.Whenaroad,railor
inlandwaterwaytransportdocumentdoesnotindicateunloadingandreloadingbetweenthesetwoplaces,
itisnottransshipmentinthecontextofthecreditandUCP600subarticles24(d)and(e).
Shipment on more than one means of conveyance (more than one truck [lorry], train, barge, etc.,) is a
partialshipment,evenwhensuchmeansofconveyanceleavesonthesamedayforthesamedestination.
a. When a credit prohibits partial shipment, and more than one road, rail or inland waterway
transport documents are presented covering shipment from one or more places of shipment,
dispatchorcarriage(asspecificallyallowed,orwithinageographicalareaorrangeofplacesstated
inthecredit),eachroad,railorinlandwaterwaytransportdocumentistoindicatethatitcovers
theshipment,dispatchorcarriageofgoodsonthesamemeansofconveyanceandsamejourneyand
thatthegoodsaredestinedforthesameplaceofdestination.
b. When a credit prohibits partial shipment, and more than one road, rail or inland waterway
transportdocumentsarepresentedinaccordancewithparagraphJ14)(a)andincorporatedifferent
dates of shipment, the latest of these dates is to be used for the calculation of any presentation
period,andmustfallonorbeforethelatestshipmentdatestatedinthecredit.
c. When partial shipment is allowed, and more than one road, rail or inland waterway transport
documentsarepresentedaspartofasinglepresentationmadeunderonecoveringscheduleorletter
andincorporatedifferentdatesofshipment,ondifferentmeansofconveyanceorthesamemeansof
conveyanceforadifferentjourney,theearliestofthesedatesistobeusedforthecalculationofany
presentationperiodandeachofthesedatesmustfallonorbeforethelatestshipmentdatestatedin
thecredit.
Cleanroad,railorinlandwaterwaytransportdocument
J15) Aroad,railorinlandwaterwaytransportdocumentisnottoincludeaclauseorclausesthatexpressly
declareadefectiveconditionofthegoodsortheirpackaging.Forexample:
a. A clause on a road, rail or inland waterway transport document such as packaging is not
sufficientforthejourneyorwordsofsimilareffectisanexampleofaclauseexpresslydeclaringa
defectiveconditionofthepackaging.
b. A clause on a road, rail or inland waterway transport document such as packaging may not be
sufficientforthejourneyorwordsofsimilareffectdoesnotexpresslydeclareadefectivecondition
ofthepackaging.
J16)
a. It is not necessary for the word clean to appear on a road, rail or inland waterway transport
documentevenwhenthecreditrequiresaroad,railorinlandwaterwaytransportdocumenttobe
markedcleanorcleanonboard.
b. Deletion of the word clean on a road, rail or inland waterway transport document does not
expresslydeclareadefectiveconditionofthegoodsortheirpackaging.
Goodsdescription
J17) Agoodsdescriptionindicatedonaroad,railorinlandwaterwaytransportdocumentmaybeingeneral
termsnotinconflictwiththegoodsdescriptioninthecredit.
J18) Anycorrectionofdataonaroad,railorinlandwaterwaytransportdocumentistobeauthenticated.Such
authenticationistoappeartohavebeenmadebythecarrieroranyoneofitsnamedagents,whomaybe
different from the agent that may have issued or signed the transport document, provided they are
identifiedasanagentofthecarrier.
J19) Copiesofaroad,railorinlandwaterwaytransportdocumentneednotincludeanyauthenticationofany
correctionsthatmayhavebeenmadeontheoriginal.
J20)
a. A statement appearing on a road, rail or inland waterway transport document indicating the
paymentoffreightneednotbeidenticaltothatstatedinthecredit,butisnottoconflictwithdata
inthatdocument,anyotherstipulateddocumentorthecredit.Forexample,whenacreditrequires
a road, rail or inland waterway transport document to be marked freight collect, it may be
markedfreightpayableatdestination.
b. Whenacreditrequiresaroad,railorinlandwaterwaytransportdocumenttoindicatethatfreight
has been prepaid or freight is to be collected at destination, this will also be fulfilled by the
completionofboxesmarkedFranco(freightprepaid)orNonFranco(freighttobecollected).
INSURANCEDOCUMENTANDCOVERAGE
K1) A requirement in a credit for the presentation of an insurance document, such as an insurance policy,
insurancecertificateordeclarationunderanopencover,meansthatUCP600article28istobeappliedin
theexaminationofthatdocument.
Issuer,signingandoriginalofaninsurancedocument
K2)
a. Aninsurancedocumentistoappeartohavebeenissuedandsignedbyaninsurancecompanyor
underwriter or their agent or proxy. For example, an insurance document issued and signed by
AAInsuranceLtdappearstohavebeenissuedbyaninsurancecompany.
b. Whenanissuerisidentifiedasinsurer,theinsurancedocumentneednotindicatethatitisan
insurancecompanyorunderwriter.
K3) Aninsurancedocumentmayalsobeissuedonaninsurancebrokersstationery,providedtheinsurance
documenthasbeensignedbyaninsurancecompanyorunderwriterortheiragentorproxy.Aninsurance
broker may sign an insurance document as agent or proxy for [or on behalf of] a named insurance
K4)
K5)
K6)
K7)
K8)
K9)
K10)
K11)
K12)
K13)
K14)
K15)
companyornamedunderwriter.
Aninsurancedocumentsignedbyanagentorproxyistoindicatethenameoftheinsurancecompanyor
underwriterfor[oronbehalfof]whichtheagentorproxyissigning,unlesstheinsurancecompanyor
underwriternamehasbeenidentifiedelsewhereinthedocument.Forexample,whenAAInsuranceLtd
has been identified as the insurer, the document may be signed John Doe (by proxy) on behalf of the
insurerorJohnDoe(byproxy)onbehalfofAAInsuranceLtd.
Whenaninsurancedocumentrequiresacountersignaturebytheissuer,theassuredoranamedentity,it
mustbecountersigned.
Aninsurancedocumentmayshowonlythetradingnameoftheinsurancecompanyinthesigningfield,
provided it is identified as the insurance company elsewhere on the document, for example, when an
insurancedocumentisissuedandsignedAAinthesigningfieldbutshowsAAInsuranceLtdand
itsaddressandcontactinformationelsewhereinthedocument.
a. An insurance document that indicates that cover is provided by more than one insurer may be
signed by a single agent or proxy on behalf of all insurers or be signed by an insurer for [or on
behalfof]allcoinsurers.Anexampleofthelatterwillbewhenaninsurancedocumentisissued
andsignedAAInsuranceLtd,leadinginsurerfor[oronbehalfof]thecoinsurers.
b. Notwithstanding the provisions in paragraphs K2), K3) and K4), an insurance document which
indicatesthatcoverisprovidedbymorethanoneinsurerneednotshowthenamesofeachinsurer
orthepercentageofcoverofeachinsurer.
When a credit requires the insurance document to be issued in more than one original, or when the
insurance document indicates that it has been issued in more than one original, all originals are to be
presentedandaretoappeartohavebeensigned.
Dates
Aninsurancedocumentisnottoindicateanexpirydateforthepresentationofanyclaimsthereunder.
a. Aninsurancedocumentisnottoindicatethatcoveriseffectivefromadatelaterthanthedateof
shipment.
b. When an insurance document indicates a date of issuance later than the date of shipment (as
defined in UCP 600 articles 1925), it is to clearly indicate by addition or note that coverage is
effectivefromadatenotlaterthanthedateofshipment.
c. Aninsurancedocumentthatindicatescoveragehasbeeneffectedfromwarehousetowarehouse
orwordsofsimilareffect,andisdatedafterthedateofshipment,doesnotindicatethatcoverage
waseffectivefromadatenotlaterthanthedateofshipment.
In the absence ofany other date stated to be theissuance date or effective date of insurance coverage, a
countersignaturedatewillbedeemedtobeevidenceoftheeffectivedateoftheinsurancecoverage.
Amountofcoverandpercentage
Whenacreditdoesnotindicateanamounttobeinsured,aninsurancedocumentistobeissuedinthe
currencyofand,asaminimum,fortheamountindicatedunderUCP600subarticle28(f)(ii).Thereis
nomaximumpercentageofinsurancecoverage.
Thereisnorequirementforinsurancecoveragetobecalculatedtomorethantwodecimalplaces.
Aninsurancedocumentmayindicatethatcoverissubjecttoafranchiseorexcess(deductible).However,
whenacreditrequirestheinsurancecovertobeirrespectiveofpercentage,theinsurancedocumentisnot
tocontainaclausestatingthattheinsurancecoverissubjecttoafranchiseoranexcess(deductible).An
insurancedocumentneednotstateirrespectiveofpercentage.
Whenitisapparentfromthecreditorfromthepresentationthattheamountdemandedonlyrepresentsa
certain part of the gross value of the goods (for example, due to discounts, prepayments or the like, or
becausepartofthevalueofthegoodsistobepaidatalaterdate),thecalculationofinsurancecoveristo
be based on the full gross value of the goods as shown on the invoice or the credit and subject to the
requirementsofUCP600subarticle28(f)(ii).
K16) Insurancecoveringthesameriskforthesameshipmentistobecoveredunderonedocumentunlessmore
thanoneinsurancedocumentispresentedindicatingpartialcover,andeachdocumentclearlyreflects,by
percentageorotherwise:
a. thevalueofeachinsurerscover;
b. thateachinsurerwillbearitsshareoftheliabilityseverallyandwithoutpreconditionsrelatingto
anyotherinsurancecoverthatmayhavebeeneffectedforthatshipment;and
c. therespectivecoverageofthedocuments,whentotalled,equalsatleasttheinsuredamountrequired
bythecreditorUCP600subarticle28(f)(ii).
Riskstobecovered
K17)
a. Aninsurancedocumentistocovertherisksrequiredbythecredit.
b. Eventhoughacreditmaybeexplicitwithregardtoriskstobecovered,theremaybeareferenceto
exclusionclausesintheinsurancedocument.
K18) Whenacreditrequiresallriskscoverage,thisissatisfiedbythepresentationofaninsurancedocument
evidencinganyallrisksclauseornotation,whetherornotitbearstheheadingallrisks,evenwhenit
is indicated that certain risks are excluded. An insurance document indicating that it covers Institute
CargoClauses(A)orInstituteCargoClauses(Air),whendispatchiseffectedbyairsatisfiesacondition
inacreditcallingforanallrisksclauseornotation.
Insuredpartyandendorsement
K19) Aninsurancedocumentistobeintheformrequiredbythecreditand,wherenecessary,beendorsedby
theentitytowhoseorderorinwhosefavourclaimsarepayable.
K20)
a. Acreditshouldnotrequireaninsurancedocumenttobeissuedtobearer,ortoorder.Acredit
shouldindicatethenameofaninsuredparty.
b. When a credit requires an insurance document to be issued to order of (named entity) the
document need not indicate to order provided that the named entity is shown as the insured
partyorclaimsarepayabletoit,andassignmentbyendorsementisnotexpresslyprohibited.
K21)
a. When a credit is silent as to the insured party, an insurance document is not to evidence that
claims are payable to the order of, or in favour of, the beneficiary or any entity other than the
issuing bank or applicant, unless it is endorsed by the beneficiary or that entity in blank or in
favouroftheissuingbankorapplicant.
b. Aninsurancedocumentistobeissuedorendorsedsothattherighttoreceivepaymentunder it
passesupon,orpriorto,thereleaseofthedocuments.
GeneralTermsandConditionsofanInsuranceDocument
K22) Banksdonotexaminegeneraltermsandconditionsinaninsurancedocument.
InsurancePremium
K23) Any indication on an insurance document regarding payment of an insurance premium is to be
disregardedunlesstheinsurancedocumentindicatesthatitisnotvalidunlessthepremiumhasbeenpaid
andthereisanindicationthatthepremiumhasnotbeenpaid.
CERTIFICATEOFORIGIN
Basicrequirementandfulfillingitsfunction
L1) Whenacreditrequiresthepresentationofacertificateoforigin,thiswillbesatisfiedbythepresentationof
asigneddocumentthatappearstorelatetotheinvoicedgoodsandcertifiestheirorigin.
L2) WhenacreditrequiresthepresentationofaspecificformofcertificateoforiginsuchasaGSPFormA,
onlyadocumentinthatspecificformistobepresented.
Issuerofacertificateoforigin
L3)
a. Acertificateoforiginistobeissuedbytheentitystatedinthecredit.
b. Whenacreditdoesnotindicatethenameofanissuer,anyentitymayissueacertificateoforigin.
c.
i) Whenacreditrequiresthepresentationofacertificateoforiginissuedbythebeneficiary,the
exporter or the manufacturer, this condition will also be satisfied by the presentation of a
certificateoforiginissuedbyaChamberofCommerceorthelike,suchas,butnotlimitedto,
Chamber of Industry, Association of Industry, Economic Chamber, Customs Authorities
andDepartmentofTradeorthelike,provideditindicatesthebeneficiary,theexporterorthe
manufacturerasthecasemaybe.
ii) When a credit requires the presentation of a certificate of origin issued by a Chamber of
Commerce,thisconditionwillalsobesatisfiedbythepresentationofacertificateoforigin
issued by a Chamber of Industry, Association of Industry, Economic Chamber, Customs
AuthoritiesandDepartmentofTradeorthelike.
Contentofacertificateoforigin
L4) Acertificateoforiginistoappeartorelatetotheinvoicedgoods,forexample,by:
a. agoodsdescriptionthatcorrespondstothatinthecreditoradescriptionshowningeneralterms
notinconflictwiththegoodsdescriptioninthecredit;or
b. referringtoagoodsdescriptionappearinginanotherstipulateddocumentorinadocumentthatis
attachedto,andforminganintegralpartof,thecertificateoforigin.
L5) Consignee information, when shown, is not to conflict with the consignee information in the transport
document.However,whenacreditrequiresatransportdocumenttobeissuedtoorder,totheorderof
shipper,toorderofissuingbank,toorderofnominatedbank(ornegotiatingbank)orconsignedto
issuingbank,acertificateoforiginmayshowtheconsigneeasanyentitynamedinthecreditexceptthe
beneficiary.Whenacredithasbeentransferred,thefirstbeneficiarymaybestatedtobetheconsignee.
L6) Acertificateoforiginmayindicateastheconsignororexporteranentityotherthanthebeneficiaryofthe
creditortheshipperasshownonanyotherstipulateddocument.
L7) Whenacreditindicatestheoriginofthegoodswithoutstipulatingarequirementforthepresentationofa
certificateoforigin,anyreferencetotheoriginonastipulateddocumentisnottoconflictwiththestated
origin. For example, when a credit indicates origin of the goods: Germany without requiring the
presentationofacertificateoforigin,astatementonanystipulateddocumentindicatingadifferentorigin
ofthegoodsistobeconsideredaconflictofdata.
L8) Acertificateoforiginmayindicateadifferentinvoicenumber,invoicedateandshipmentroutingtothat
indicated on one or more other stipulated documents, provided the exporter or consignor shown on the
certificateoforiginisnotthebeneficiary.
PACKINGLIST,NOTEORSLIP(PackingList)
M1) When a credit requires the presentation of a packing list, this will be satisfied by the presentation of a
documenttitledascalledforinthecredit,orbearingasimilartitleoruntitled,thatfulfilsitsfunctionby
containinganyinformationastothepackingofthegoods.
Issuerofapackinglist
M2) Apackinglististobeissuedbytheentitystatedinthecredit.
M3) Whenacreditdoesnotindicatethenameofanissuer,anyentitymayissueapackinglist.
Contentofapackinglist
M4) When a credit indicates specific packing requirements, without stipulating the document to indicate
compliancewiththeserequirements,anydataregardingthepackingofthegoodsmentionedonapacking
list,ifpresented,arenottoconflictwiththoserequirements.
M5) A packing list may indicate a different invoice number, invoice date and shipment routing to that
indicated on one or more other stipulated documents, provided the issuer of the packing list is not the
beneficiary.
M6) Banks only examine total values, including, but not limited to, total quantities, total weights, total
measurementsortotalpackages,toensurethattheapplicabletotaldoesnotconflictwithatotalshownin
thecreditandonanyotherstipulateddocument.
WEIGHTLIST,NOTEORSLIP(WeightList)
N1) When a credit requires the presentation of a weight list, this will be satisfied by the presentation of a
documenttitledascalledforinthecredit,orbearingasimilartitleoruntitled,thatfulfilsitsfunctionby
containinganyinformationastotheweightofthegoods.
Issuerofaweightlist
N2) Aweightlististobeissuedbytheentitystatedinthecredit.
N3) Whenacreditdoesnotindicatethenameofanissuer,anyentitymayissueaweightlist.
Contentofaweightlist
N4) When a credit indicates specific weight requirements, without stipulating the document to indicate
compliancewiththeserequirements,anydataregardingtheweightofthegoodsmentionedonaweight
list,ifpresented,arenottoconflictwiththoserequirements.
N5) Aweightlistmayindicateadifferentinvoicenumber,invoicedateandshipmentroutingtothatindicated
ononeormoreotherstipulateddocuments,providedtheissueroftheweightlistisnotthebeneficiary.
N6) Banks only examine total values, including, but not limited to, total quantities, total weights, total
measurementsortotalpackages,toensurethattheapplicabletotaldoesnotconflictwithatotalshownin
thecreditandonanyotherstipulateddocument.
BENEFICIARYSCERTIFICATE
P1) When a credit requires the presentation of a beneficiarys certificate, this will be satisfied by the
presentationofasigneddocumenttitledascalledforinthecredit,orbearingatitlereflectingthetypeof
certification that has been requested or untitled, that fulfils its function by containing the data and
certificationrequiredbythecredit.
Signingofabeneficiaryscertificate
P2) Abeneficiaryscertificateistobesignedby,orfor[oronbehalfof],thebeneficiary.
Contentofabeneficiaryscertificate
P3) Datamentionedonabeneficiaryscertificatearenottoconflictwiththerequirementsofthecredit.
P4) Thedataorcertificationmentionedonabeneficiaryscertificate:
a. neednotbeidenticaltothatrequiredbythecredit,butaretoclearlyindicatethattherequirement
prescribedbythecredithasbeenfulfilled;
b. need not include a goods description or any other reference to the credit or another stipulated
document.
ANALYSIS, INSPECTION, HEALTH, PHYTOSANITARY, QUANTITY QUALITY AND OTHER
CERTIFICATES(certificate)
Q1) Whenacreditrequiresthepresentationofsuchacertificate,thiswillbesatisfiedbythepresentationofa
signed document titled as called for in the credit, or bearing a similar title or untitled, that fulfils its
function by certifying the outcome of the required action, for example, the results of the analysis,
inspection,health,phytosanitary,quantityorqualityassessment.
Q2) Whenacreditrequiresthepresentationofacertificatethatrelatestoanactionrequiredtotakeplaceonor
priortothedateofshipment,thecertificateistoindicate:
Q3)
Q4)
Q5)
Q6)
Q7)
Q8)
Q9)
Q10)
Q11)
a. anissuancedatethatisnolaterthanthedateofshipment;or
b. wordingtotheeffectthattheactiontookplacepriorto,oronthedateof,shipment,inwhichevent,
whenanissuancedateisalsoindicated,itmaybesubsequenttotheshipmentdatebutnolaterthan
thedateofpresentationofthecertificate;or
c. atitleindicatingtheevent,forexample,PreshipmentInspectionCertificate.
Issuerofacertificate
Acertificateistobeissuedbytheentitystatedinthecredit.
Whenacreditdoesnotindicatethenameofanissuer,anyentityincludingthebeneficiarymayissuea
certificate.
When a credit makes reference to an issuer of a certificate in the context of its being independent,
official, qualified or words of similar effect, a certificate may be issued by any entity except the
beneficiary.
Contentsofacertificate
Acertificatemayindicate:
a. thatonlyasampleoftherequiredgoodshasbeentested,analyzedorinspected;
b. aquantitythatisgreaterthanthatstatedinthecreditoronanyotherstipulateddocument;or
c. morehold,compartmentortanknumbersthanthatstatedonthebillofladingorcharterpartybill
oflading.
Whenacreditindicatesspecificrequirementswithrespecttoanalysis,inspection,health,phytosanitary,
quantity or quality assessment or the like, with or without stipulating the document to indicate
compliance with these requirements, the data regarding the analysis, inspection, health, phytosanitary,
quantityorqualityassessmentorthelikementionedonthecertificateoranyotherstipulateddocument
arenottoconflictwiththoserequirements.
Whenacreditissilentastothespecificcontenttoappearonacertificate,including,butnotlimitedto,
any required standard for determining the results of the analysis, inspection or quality assessment, the
certificatemayincludestatementssuchasnotfitforhumanconsumption,chemicalcompositionmay
not meet required needs or words of similar effect, provided such statements do not conflict with the
credit,anyotherstipulateddocumentorUCP600.
Consignee information, when shown, is not to conflict with the consignee information in the transport
document.However,whenacreditrequiresatransportdocumenttobeissuedtoorder,totheorderof
shipper,toorderofissuingbank,toorderofnominatedbank(ornegotiatingbank)orconsignedto
issuing bank, a certificate may show the consignee as any entity named in the credit except the
beneficiary.Whenacredithasbeentransferred,thefirstbeneficiarymaybestatedtobetheconsignee.
Acertificatemayindicateastheconsignororexporteranentityotherthanthebeneficiaryofthecreditor
theshipperasshownonanyotherstipulateddocument.
Acertificatemayindicateadifferentinvoicenumber,invoicedateandshipmentroutingtothatindicated
ononeormoreotherstipulateddocuments,providedtheexporterorconsignorshownonthecertificateis
notthebeneficiary.

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