Collyer Consulting

Recent News

New platform for conducting Bank Payment Obligation (BPO) transactions 09/12/2019

Further to our news item of 19 November, there has recently been a further update on the Cmatch platform that is being made available by essDOCS...more

New platform for conducting Bank Payment Obligation (BPO) transactions 19/11/2019

In our news item of 7 May 2019, we reported that SWIFT had decided to decommission their Trade Service Utility (TSU) platform and transaction matching application with effect from December 2020...more

Latest Question

1. UCP 600 sub-article 14 (d) states "Data in a document, when read in context with the credit, the document itself and international standard banking practice, need not be identical to, but must not conflict with, data in that document, any other stipulated document or the credit." How should I understand "need not be identical to, but must not conflict"? 2. The beneficiary made a presentation including: invoice, bill of lading and certificate of origin. Invoice shows the detail of the goods and HS code for each item as follows: 906316, 905246, 907421. And certificate of origin also shows the detail of the goods and HS code for each item as appears on the invoice. However, bill of lading shows only HS code: 9063, but does not state the other HS codes. Please note that our credit does not require these document to show the HS code. I would like to ask whether according to UCP 600 sub-article 14 (d), can I raise the discrepancy that "there is an inconsistency about HS code between certificate of origin and bill of lading"?

News

News by Month

December 2014

Recent News

New platform for conducting Bank Payment Obligation (BPO) transactions 09/12/2019

New platform for conducting Bank Payment Obligation (BPO) transactions 19/11/2019

Latest Question