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ANSWER QUESTION 5 A. 1. UCP 600 - Article 20. Bill of Lading a.A bill of lading, however named, must appear to: i.

indicate the name of the carrier and be signed by:- the carrier or a named agent for or on behalf of the carrier, or the master or a named agent for or on behalf of the master. Any signature by the carrier, master or agent must be identified as that of the carrier, master or agent. Any signature by an agent must indicate whether the agent has signed for or on behalf of the carrier or for or on behalf of the master. iii. indicate shipment from the port of loading to the port of discharge stated in the credit. If the bill of lading does not indicate the port of loading stated in the credit as the port of loading, or if it contains the indication "intended" or similar qualification in relation to the port of loading, an on board notation indicating the port of loading as stated in the credit, the date of shipment and the name of the vessel is required. This provision applies even when loading on board or shipment on a named vessel is indicated by pre-printed wording on the bill of lading. 2. UCP 600 - Article 3. Interpretations. For the purpose of these rules: A requirement for a document to be legalized, visaed, certified or similar will be satisfied by any signature, mark, stamp or label on the document which appears to satisfy that requirement. 3. UCP 600 - Article 18. Commercial Invoice. a. A commercial invoice: i. must appear to have been issued by the beneficiary (except as provided in article 38); ii. must be made out in the name of the applicant (except as provided in subarticle 38 (g));

an insurance certificate or a declaration under an open cover. Authentication is either in the form of signature verification (for hardcopy LC) or via SWIFT authentication. The insurance document must indicate the amount of insurance coverage and be in the same currency as the credit.Article 7. An insurance document. Reimbursement for the amount of a complying presentation under a credit available by acceptance or deferred payment is due at maturity. For sure Maybank have a right and honour to forward the documents directly to the issuing bank. An issuing bank undertakes to reimburse a nominated bank that has honoured or negotiated a complying presentation and forwarded the documents to the issuing bank. CI is willing to accept the goods despite the discrepancies. An issuing bank's . need not be signed. C. and iv. must be made out in the same currency as the credit. must appear to be issued and signed by an insurance company.” By referring UCP 600. B. Second role of Affin bank is to inform the seller on the arrival of LC in his favour once the LC is ready for collection. an underwriter or their agents or their proxies. Affin bank in this case act to authenticate the LC to ensure that the LC comes from a genuine source. Issuing Bank Undertaking c. Maybank inform SS by letter and write the “As such. i. we have no choice but to reject the documents. Yes. Any signature by an agent or proxy must indicate whether the agent or proxy has signed for or on behalf of the insurance company or underwriter. Affin bank that act as advising bank is not necessarily responsible for the payment of the credit. such as an insurance policy. whether or not the nominated bank prepaid or purchased before maturity. UCP 600 . a. Insurance Document and Coverage.iii. NA D. 4. Maybank is not correct to approved the LC even though buyer. E.Article 28. instead of to Affin Bank. UCP 600 .

.undertaking to reimburse a nominated bank is independent of the issuing bank's undertaking to the beneficiary.