Acceptance of post receipt or certificate of posting (conditions)

Description

ICC, Uniform Customs and Practice for Documentary Credits, ICC, Publication 500, Article 29(a).  "If a Credit calls for a post receipt or certificate of posting, banks will, unless otherwise stipulated in the credit, accept a post receipt or certificate of posting which:

"(i)     appears on its face to have been stamped or otherwise authenticated and dated in the place from which the Credit stipulates the goods are to be shipped or dispatched and such date will be deemed to be the date of shipment or dispatch, and

"(ii)       in all respects meets the stipulations of the Credit."

This summary is part of the Compendium of Trade Facilitation Recommendations authored by UNCTAD and UN/CEFACT, Part H

 

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ICC International Chamber of Commerce , United Nations Conference on Trade and Development - UNCTAD , United Nations Economic Commission for Europe-UNECE  

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Global: Yes 

Topics

Commercial trade practices ,
Customs Issues ,
Other Trade Facilitation Aspects ,
Trade Finance