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Bank Payment Obligation (BPO) using electronic documents

28/04/2015 To date, BPO transactions have been completed based on the submission of data extracted from paper documents.

On 17 April, essDOCS announced the successful conclusion of the first BPO transaction involving the completely electronic submission of data. For details Click Here

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Latest Question

UCP 600 sub-article 22 (a) (iii) states: indicate shipment from the port of loading to the port of discharge stated in the credit. The port of discharge may also be shown as a range of ports or a geographical area, as stated in the credit. ISBP821 paragraph G9 states: When a credit indicates a geographical area or range of ports of discharge (for example, “Any European Port” or “Hamburg, Rotterdam, Antwerp Port”), a charter party bill of lading may indicate the actual port of discharge, which is to be within that geographical area or range of ports, or it may show the geographical area or range of ports as the port of discharge. Question: When the credit calls for port of discharge as “Main Port, China” under charter party bill of lading, presented charter party bill of lading indicates “Main Port, China” in the port of discharge field. In my opinion, “Main Port, China” is not a range of ports or a geographical area and an actual port of discharge, so the document is not in order and the document must indicate actual port of discharge, such as Shanghai port. Please confirm.