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Yiwu Lucky International Forwarding Co., Ltd. is located in Yiwu City of Zhejiang Province, which is known as the largest small commodity distributing center in Asia, adjacent to Yiwu International Trade City, bringing extreme convenience to purchasing negotiation with customers.

Fed up with the United States, the European Union is on the move! Meanwhile, a "special mechanism" for settling accounts with Ir
Fed up with the United States, the European Union is on the move! Meanwhile, a
Concernedaboutthepoliticalandmonetaryrisksofdollarsettlement,theEuropeanUnionhasissuedaformalinitiativetorecommendtheactiveuseoftheeurointheeconomicstrategysector.Theinitiativespecificallymentionstheincreaseduseoftheeuroininternationalenergytransactions.Atthesametime,inordertoprotectIran'simportandexportsettlement,theeualsotosupport!TheeuhasrepeatedlymentionedthatEuropeimports300billioneurosworthofenergyeveryyear,butitpays80%ofthecostofenergyimportsinusdollars.Europeancompaniesevenpayforeuropean-madeaircraftindollars.Allthisseemsabsurdtojean-claudejuncker,thePresidentoftheEuropeancommission.    Theeuhaswantedto"de-dollarise"foralongtime,butthisyearithasfinallymadeupitsmind.    TheEuropeanUnionplanstoincreasetheuseoftheeuroin"strategicindustries"suchasenergy,commoditiesandaircraftmanufacturingtochallengetheusdollar,mediareportedrecently.Infact,theEuropeanUnionhaslongbeenconcernedaboutthepoliticalandmonetaryrisksofdollarsettlement,soitdecidedtoputupwithit--callingfortheactiveuseoftheeurointheeconomicstrategysector,withparticularemphasisongreateruseoftheeuroininternationalenergytransactions.Juncker(left)andtrump(Reuters)    ThemovebyEurope,whichisaimedattheUnitedStates,isintendedtohighlightthechallengestointernationalgovernanceandtradeandtheneedtoaddressthem,accordingtoopinionwatch.    Inmay,theUnitedStatesannounceditswithdrawalfromtheIrannucleardeal,despiteoppositionfromallsides,andresumedsanctionsagainstIran.ThemoveposesaseriousthreattoEuropeancompaniesinIran,especiallythosethatsettleindollarsorraisemoneyfromtheUnitedStates.TheeusaidWashingtonwastryingtousethedollarasaweaponto"ringalarmbells"aboutEuropeaneconomicandmonetarysovereignty.    Pushingforagreaterrolefortheeuroasaninternationalcurrencyhasbeentheeu'sconsistentstrategy.Theeuisnowconsideringboththeusstimulusanditslong-termstrategicvision.Thevisionisthattheeuseekstohaveasolideconomicandfinancialfoundationthatallowsittofurtherdevelopandconsolidateitsstrategicinfluenceintheworld.    Theeuhasalwaysadheredtomultilateralism.Withthecurrentprocessofglobalizationblockedandunilateralismandprotectionismontherise,theeuismorewillingtoapplyitspluralismconcepttoglobalgovernanceandpromotethedevelopmentofthepluralismpatternoftheinternationalmonetarysystem.Sincethebeginningofthisyear,theEuropeanUnionhastakenfrequentstepstopromotetheinternationalizationoftheeuro,themostrepresentativeofwhichwasthestatementmadebyGermanforeignministermaasinAugust.Mr.MassaidatthetimethattheEuropeanUnionmustestablishaEuropeanpaymentchannelindependentofSWIFT,theU.S.banksettlementsystem,toprotectEuropeancompaniesfromU.S.sanctionsagainstIran.ButsecretaryofstateJohnpompeowasquicktoissueasternwarning.    Drivetheeurointhefieldofenergyusingdirecthitsthe"oilmoney",whiletheUnitedStateshasalwaysbeenonhighalertanybehaviorthatmaybechallengethedollarhegemony,suchastheturnofthecentury'swarinkosovoastheeurostartedthistimenode,thebackgroundofthewarinIraqalsocontainsaddam'sgovernmentannouncedthattrytopushoileurosthisfactor.    Assuch,theeuro'sattempttoincreaseitspresenceintheinternationalcurrencyisboundtofaceobstacles.Inadditiontotransactioncosts,convenience,circulationandotheraspects,theexistingcirculationnetworkoftheusdollarisstillextremelystrong,whilethemarketcompetitivenessoftheeuroisstillrelativelyweak,andtheeuroitselffacesaseriesofchallengesintheprocessofexpandingitsinfluence.    TheeuroisbeingusedmainlyinandaroundEurope,anditsinfluenceoutsidethatcircleremainslimited.Inaddition,theeuroisstilllessusedinsettlementwithothermajortradingpartnersinEurope,anditismuchlessusedthanthedollarintrade,investment,financingandotherfields.Theorganizationofpetroleumexportingcountries(Opec)meetsDecember6inVienna,Austria.(xinhua/Reuters)    Butinthelongrun,theeuro'sinternationalmonetarystatuscanbeexpectedtoimprove.Atpresent,whetherindividualcountriesprovoketradefrictionsortheUKisleavingtheeu,bothreversethedeterminationoffurtherintegrationoftheeu.Thismeansthattheeuintegrationprocessandimplementationarestrengthening.WhatwecanseeisthatGermanyandFrancearenowpushingfortheestablishmentofacommoneubudget,andtheeueconomyhasalotofmomentuminthelongrun.Theseareimportantfactorsshapingthefutureinfluenceoftheeuro.    Someanalystsbelievethat,fromtheperspectiveofinternationalmonetarypattern,thedollaraloneisnotagoodthing.Inparticular,thecurrenttrumpadministrationadherestotheprincipleofgivingprioritytotheinterestsoftheUnitedStates,andtheusdollarpolicythatdoesnotconsiderthecoordinationofinternationalmacropolicieswillleadtogreatturbulenceintheinternationalfinancialmarket.Thecurrencycrisisinsomeemergingmarketsthisyearisdirectlyrelatedtotheusdollarinterestraterise."Therisingstatusoftheeuro,includingtheriseoftherenminbiasaninternationalcurrency,willbringbenefitstomanagingfinancialrisksglobally,"MrZhangsaid.    "De-dollarization"isnotjustamatteroftheeu.Manycountrieshavealreadytakensubstantivesteps.    AsatraditionalallyoftheUnitedStates,theEuropeanUnionissounhappywiththeUnitedStatesandthedollar,letaloneothercountries!Infact,countrieshavelongbeen
MSC was fined $630,000 for violation
MSC was fined $630,000 for violation
Release time:
1 day ago
SwisscontainershippingcompanyMSChaspaida$630,625finetotheCaliforniaairresourcescommission(CARB)forviolatingtheoceanshippingberthrules.Theviolationswerediscoveredduringaroutineauditofthecompany's2014visitstoPortofOakland,PortofLosAngelesandLongBeach,accordingtopeoplefamiliarwiththematter. CARB'sinvestigationfoundthatbothAucklandandLA/LBfleetshadmorethan2,500violationsforfailingtoreduceauxiliaryenginegenerationbyatleast50percentandexceedingtheparkingrules'timelimitforauxiliaryengines. AccordingtoCARB,MSCcooperatedwiththeinvestigationandsubsequentlyconverteditsCaliforniafleettoinclude100percentonshorepowerequipmentwithoutfurtherviolationofregulations. ThefinehasbeenpaidtotheCaliforniaairpollutioncontrolfundtosupportairpollutionresearch,andthecompanyagreedtocomplywithallrequirementsoftheregulation. "Ocean-goingvesselsareamajorcontributortoairpollution,"saidToddSax,directorofcarbohydrateenforcement. "Evenattheport,theirauxiliaryenginesproducetoxicdieselparticulatepollutionthataffectsnotonlythecommunitiesaroundtheportbutalsotheentireinlandarea.""Thisregulationhelpsprotectallcaliforniansandisnecessarytoensurethatwemeetourcleanairgoals,"headded. Theberthingrules,passedin2007,aimtoreduceemissionsofdiesel-assistedenginesfromcontainerships,passengershipsandrefrigeratedcargoshipswhentheyberthinCaliforniaports.Shipoperatorscanturnoffauxiliaryengines,connecttogrid-basedonshorepower,orusealternativetechnologiestoreduceemissionsbythesameamountatports. Therulesultimatelyrequirefleetoperatorstoreduceterminalnitrogenoxides(NOX)andparticulatematter(PM)emissionsfromportauxiliariesbyatleast80percentby2020. SwisscontainershippingcompanyMSChaspaida$630,625finetotheCaliforniaairresourcescommission(CARB)forviolatingtheoceanshippingberthrules.
What if the documents are inconsistent and the customs clearance is not possible?
What if the documents are inconsistent and the customs clearance is not possible?
Whatisdocumentaryagreement? Documentstobeinconformitywithalldocumentsprovidedbytheexportershallstrictlyconformtotherequirementsofthel/cissuedbytheopeningbankoftheimporter,oralldocumentsmadeandprovidedbytheexporterinconnectionwiththepurchaseandsaleofthegoodshereundershallbeincompleteconformitywiththerequirementsofthel/cappliedforbytheimporter.Keypointsofconsistencyofdocuments  Reasonabletododocuments,Banksmustcarefullyreviewalldocuments,ensurethebeneficiarytosubmitdocumentsandthetype,contentandattachments,andeventextwordingmustbecompletelyconsistentwiththeprovisionsofthel/c,eveniftheactualshipmentofthegoodsorthecontractandconfirmationlettercontentcontradictiontothatstipulatedinthel/c,mustalsowillbesubjecttol/c,therefore,ifthebankfornegotiationofdocumentsonthesurfaceareinconformitywiththel/candthegoodsdoesnotconformto,becauseBanksdon'tawarethatitdoesnotassumeanyresponsibility;Onthecontrary,iftheactualgoodsarecorrectandthedocumentsappeartobeinconsistentwiththestipulationsofthel/c,thebankshallbeliableandtheapplicantforissuingthel/cmayrefusetoredeemthedocumentsforpaymentaccordingly.Caseanalysisofdocumentconsistency  Inactualexportbusiness,itisageneralrulethatthecontentsofnegotiationdocumentsmustbeinstrictaccordancewiththestipulationsoftherelevantl/c.However,itissometimesverydifficultforthesellertoensurethateverynegotiationdocumentisinconformitywiththecontentsoftherelevantl/c.    Thefollowingcasereflectsthefactthattheexporterisdishonorduetodiscrepanciesinthedocuments:companyAofChinahasenteredintoAcontractwithcompanyBofwestAfricatobuyandsellthecloth.CompanyAshallsellAbatchofclothtocompanyBonCIFterms,andbothpartiesagreetopaybyl/c.Aftertheconclusionofthecontract,companyBshallopenAletterofcreditinaccordancewiththecontract.TheletterofcreditstipulatesthatthedeliveryquantityofcompanyAis"about50,000yards"andrequirescompanyAtoprovideaninsurancepolicycoveringW.P.A.andWARRISK.SinceitiscustomaryforcompanyAtocoverALLRISKSandwarrisksfromtimetotimeforexportingsuchgoods,companyAhascoveredALLRISKSandwarriskswithoutAcarefulexaminationofthel/c.Afterloadingthegoods,companyApresentedthedocumentstothebankforpayment.Afterexaminingthedocuments,thebankconsiderstheminconsistentandrefusestopay.    Therearetwodiscrepanciesraisedbythebank:  1.Therisksintheinsurancepolicyareinconsistentwiththeprovisionsoftheletterofcredit;  2.ThebillofladingindicatesthatthequantityofgoodsdeliveredbycompanyAis44,800yards,whichisinconsistentwithabout50000yardsstipulatedinthel/c.CompanyA,ontheotherhand,considersthatthecoverageofallrisksisgreaterthanW.P.A.infavorofbuyercompanyB.    Asforthequantityofthegoods,asthel/cstipulates"approximately50,000yds"anddoesnotspecifythespecificincreaseordecrease,thequantityof44,800ydsintheb/lisinconformitywiththel/cstipulations.    Obviously,inthiscase,Acompanyinsuredforallrisksandwarrisk,andcalledforbythel/cisW.P.A.andwarrisk,althoughallriskscoveragethanwpa,goodforcompanyB,butwhenanissuingbankjustsurfaceisconsistentwiththel/cdocuments,regardlessoftherightsandobligationsoftheparties,thebankshallbeentitledtoasAcompanysubmittherisksoftheinsurancepolicydoesnotconformtothatstipulatedinthel/candrefusedtopay.    Asfortheproblemthatthequantityrofthegoodsinthebillofladingpresentedbythebankisinconsistentwiththeprovisionsofthel/c,accordingtotheprovisionsofarticle39(UCP500),wherethewords"approximately","substantially","fishing"orsimilarwordsareusedfortheamount,quantityandunitpriceofthel/c,theyshallbeinterpretedasanincreaseordecreaseofnomorethan10%oftherelevantamount,quantityorunitprice.Therefore,ifthenumberofgoodsinthebillofladingsubmittedbycompanyAisbetween55,000and45,000yards,itisinconformitywiththeletterofcredit.However,infact,thenumberofgoodsindicatedinthebillofladingsubmittedbycompanyAis44,800yards,whichisinconsistentwiththestipulationsofthel/c.Thebankhastherighttorefusetopay.    Intheexportbusiness,documentsareinconsistentduetovariousreasons,andthebeneficiaryisunabletocorrectwithinthestipulatedtimelimitduetothelimitationoftimeconditions,soheisatadisadvantageintheinternationaltrade.Howtoachievedocumentconsistencyeffectively  Byl/cininternationaltradesettlementwayisverycommon,therefore,China'senterprisesintheexportbusinessshallstrictlyabidebytheprincipleofdocumentsareconsistent,whenthebuyertoopenthel/creceivedfromabroad,shouldcarefullyreviewthel/c,andl/ctodeterminewhetherthereisasoftclauseinthecontractareconsistent,thel/c,theprovisionsofthel/ctheseller'sabilitytodoit.    Onceanyproblemisfound,thebuyershouldbeinformedoftheamendmentofthel/cwithoutanyfluke.Ifthereisnoproblemaftertheexamination,thedocumentsshouldbecarefullypreparedinaccordancewiththeprovisionsoftheletterofcredit,sothatthedocumentsarestrictlyconsistent,inordertoavoidadversecircumstances,nipinthebud,andeffectivelyprotecttheirrights.
Fed up with the United States, the European Union is on the move! Meanwhile, a "special mechanism" for settling accounts with Ir
Fed up with the United States, the European Union is on the move! Meanwhile, a
Concernedaboutthepoliticalandmonetaryrisksofdollarsettlement,theEuropeanUnionhasissuedaformalinitiativetorecommendtheactiveuseoftheeurointheeconomicstrategysector.Theinitiativespecificallymentionstheincreaseduseoftheeuroininternationalenergytransactions.Atthesametime,inordertoprotectIran'simportandexportsettlement,theeualsotosupport!TheeuhasrepeatedlymentionedthatEuropeimports300billioneurosworthofenergyeveryyear,butitpays80%ofthecostofenergyimportsinusdollars.Europeancompaniesevenpayforeuropean-madeaircraftindollars.Allthisseemsabsurdtojean-claudejuncker,thePresidentoftheEuropeancommission.    Theeuhaswantedto"de-dollarise"foralongtime,butthisyearithasfinallymadeupitsmind.    TheEuropeanUnionplanstoincreasetheuseoftheeuroin"strategicindustries"suchasenergy,commoditiesandaircraftmanufacturingtochallengetheusdollar,mediareportedrecently.Infact,theEuropeanUnionhaslongbeenconcernedaboutthepoliticalandmonetaryrisksofdollarsettlement,soitdecidedtoputupwithit--callingfortheactiveuseoftheeurointheeconomicstrategysector,withparticularemphasisongreateruseoftheeuroininternationalenergytransactions.Juncker(left)andtrump(Reuters)    ThemovebyEurope,whichisaimedattheUnitedStates,isintendedtohighlightthechallengestointernationalgovernanceandtradeandtheneedtoaddressthem,accordingtoopinionwatch.    Inmay,theUnitedStatesannounceditswithdrawalfromtheIrannucleardeal,despiteoppositionfromallsides,andresumedsanctionsagainstIran.ThemoveposesaseriousthreattoEuropeancompaniesinIran,especiallythosethatsettleindollarsorraisemoneyfromtheUnitedStates.TheeusaidWashingtonwastryingtousethedollarasaweaponto"ringalarmbells"aboutEuropeaneconomicandmonetarysovereignty.    Pushingforagreaterrolefortheeuroasaninternationalcurrencyhasbeentheeu'sconsistentstrategy.Theeuisnowconsideringboththeusstimulusanditslong-termstrategicvision.Thevisionisthattheeuseekstohaveasolideconomicandfinancialfoundationthatallowsittofurtherdevelopandconsolidateitsstrategicinfluenceintheworld.    Theeuhasalwaysadheredtomultilateralism.Withthecurrentprocessofglobalizationblockedandunilateralismandprotectionismontherise,theeuismorewillingtoapplyitspluralismconcepttoglobalgovernanceandpromotethedevelopmentofthepluralismpatternoftheinternationalmonetarysystem.Sincethebeginningofthisyear,theEuropeanUnionhastakenfrequentstepstopromotetheinternationalizationoftheeuro,themostrepresentativeofwhichwasthestatementmadebyGermanforeignministermaasinAugust.Mr.MassaidatthetimethattheEuropeanUnionmustestablishaEuropeanpaymentchannelindependentofSWIFT,theU.S.banksettlementsystem,toprotectEuropeancompaniesfromU.S.sanctionsagainstIran.ButsecretaryofstateJohnpompeowasquicktoissueasternwarning.    Drivetheeurointhefieldofenergyusingdirecthitsthe"oilmoney",whiletheUnitedStateshasalwaysbeenonhighalertanybehaviorthatmaybechallengethedollarhegemony,suchastheturnofthecentury'swarinkosovoastheeurostartedthistimenode,thebackgroundofthewarinIraqalsocontainsaddam'sgovernmentannouncedthattrytopushoileurosthisfactor.    Assuch,theeuro'sattempttoincreaseitspresenceintheinternationalcurrencyisboundtofaceobstacles.Inadditiontotransactioncosts,convenience,circulationandotheraspects,theexistingcirculationnetworkoftheusdollarisstillextremelystrong,whilethemarketcompetitivenessoftheeuroisstillrelativelyweak,andtheeuroitselffacesaseriesofchallengesintheprocessofexpandingitsinfluence.    TheeuroisbeingusedmainlyinandaroundEurope,anditsinfluenceoutsidethatcircleremainslimited.Inaddition,theeuroisstilllessusedinsettlementwithothermajortradingpartnersinEurope,anditismuchlessusedthanthedollarintrade,investment,financingandotherfields.Theorganizationofpetroleumexportingcountries(Opec)meetsDecember6inVienna,Austria.(xinhua/Reuters)    Butinthelongrun,theeuro'sinternationalmonetarystatuscanbeexpectedtoimprove.Atpresent,whetherindividualcountriesprovoketradefrictionsortheUKisleavingtheeu,bothreversethedeterminationoffurtherintegrationoftheeu.Thismeansthattheeuintegrationprocessandimplementationarestrengthening.WhatwecanseeisthatGermanyandFrancearenowpushingfortheestablishmentofacommoneubudget,andtheeueconomyhasalotofmomentuminthelongrun.Theseareimportantfactorsshapingthefutureinfluenceoftheeuro.    Someanalystsbelievethat,fromtheperspectiveofinternationalmonetarypattern,thedollaraloneisnotagoodthing.Inparticular,thecurrenttrumpadministrationadherestotheprincipleofgivingprioritytotheinterestsoftheUnitedStates,andtheusdollarpolicythatdoesnotconsiderthecoordinationofinternationalmacropolicieswillleadtogreatturbulenceintheinternationalfinancialmarket.Thecurrencycrisisinsomeemergingmarketsthisyearisdirectlyrelatedtotheusdollarinterestraterise."Therisingstatusoftheeuro,includingtheriseoftherenminbiasaninternationalcurrency,willbringbenefitstomanagingfinancialrisksglobally,"MrZhangsaid.    "De-dollarization"isnotjustamatteroftheeu.Manycountrieshavealreadytakensubstantivesteps.    AsatraditionalallyoftheUnitedStates,theEuropeanUnionissounhappywiththeUnitedStatesandthedollar,letaloneothercountries!Infact,countrieshavelongbeen
MSC was fined $630,000 for violation
MSC was fined $630,000 for violation
Release time:
1 day ago
SwisscontainershippingcompanyMSChaspaida$630,625finetotheCaliforniaairresourcescommission(CARB)forviolatingtheoceanshippingberthrules.Theviolationswerediscoveredduringaroutineauditofthecompany's2014visitstoPortofOakland,PortofLosAngelesandLongBeach,accordingtopeoplefamiliarwiththematter. CARB'sinvestigationfoundthatbothAucklandandLA/LBfleetshadmorethan2,500violationsforfailingtoreduceauxiliaryenginegenerationbyatleast50percentandexceedingtheparkingrules'timelimitforauxiliaryengines. AccordingtoCARB,MSCcooperatedwiththeinvestigationandsubsequentlyconverteditsCaliforniafleettoinclude100percentonshorepowerequipmentwithoutfurtherviolationofregulations. ThefinehasbeenpaidtotheCaliforniaairpollutioncontrolfundtosupportairpollutionresearch,andthecompanyagreedtocomplywithallrequirementsoftheregulation. "Ocean-goingvesselsareamajorcontributortoairpollution,"saidToddSax,directorofcarbohydrateenforcement. "Evenattheport,theirauxiliaryenginesproducetoxicdieselparticulatepollutionthataffectsnotonlythecommunitiesaroundtheportbutalsotheentireinlandarea.""Thisregulationhelpsprotectallcaliforniansandisnecessarytoensurethatwemeetourcleanairgoals,"headded. Theberthingrules,passedin2007,aimtoreduceemissionsofdiesel-assistedenginesfromcontainerships,passengershipsandrefrigeratedcargoshipswhentheyberthinCaliforniaports.Shipoperatorscanturnoffauxiliaryengines,connecttogrid-basedonshorepower,orusealternativetechnologiestoreduceemissionsbythesameamountatports. Therulesultimatelyrequirefleetoperatorstoreduceterminalnitrogenoxides(NOX)andparticulatematter(PM)emissionsfromportauxiliariesbyatleast80percentby2020. SwisscontainershippingcompanyMSChaspaida$630,625finetotheCaliforniaairresourcescommission(CARB)forviolatingtheoceanshippingberthrules.
What if the documents are inconsistent and the customs clearance is not possible?
What if the documents are inconsistent and the customs clearance is not possible?
Whatisdocumentaryagreement? Documentstobeinconformitywithalldocumentsprovidedbytheexportershallstrictlyconformtotherequirementsofthel/cissuedbytheopeningbankoftheimporter,oralldocumentsmadeandprovidedbytheexporterinconnectionwiththepurchaseandsaleofthegoodshereundershallbeincompleteconformitywiththerequirementsofthel/cappliedforbytheimporter.Keypointsofconsistencyofdocuments  Reasonabletododocuments,Banksmustcarefullyreviewalldocuments,ensurethebeneficiarytosubmitdocumentsandthetype,contentandattachments,andeventextwordingmustbecompletelyconsistentwiththeprovisionsofthel/c,eveniftheactualshipmentofthegoodsorthecontractandconfirmationlettercontentcontradictiontothatstipulatedinthel/c,mustalsowillbesubjecttol/c,therefore,ifthebankfornegotiationofdocumentsonthesurfaceareinconformitywiththel/candthegoodsdoesnotconformto,becauseBanksdon'tawarethatitdoesnotassumeanyresponsibility;Onthecontrary,iftheactualgoodsarecorrectandthedocumentsappeartobeinconsistentwiththestipulationsofthel/c,thebankshallbeliableandtheapplicantforissuingthel/cmayrefusetoredeemthedocumentsforpaymentaccordingly.Caseanalysisofdocumentconsistency  Inactualexportbusiness,itisageneralrulethatthecontentsofnegotiationdocumentsmustbeinstrictaccordancewiththestipulationsoftherelevantl/c.However,itissometimesverydifficultforthesellertoensurethateverynegotiationdocumentisinconformitywiththecontentsoftherelevantl/c.    Thefollowingcasereflectsthefactthattheexporterisdishonorduetodiscrepanciesinthedocuments:companyAofChinahasenteredintoAcontractwithcompanyBofwestAfricatobuyandsellthecloth.CompanyAshallsellAbatchofclothtocompanyBonCIFterms,andbothpartiesagreetopaybyl/c.Aftertheconclusionofthecontract,companyBshallopenAletterofcreditinaccordancewiththecontract.TheletterofcreditstipulatesthatthedeliveryquantityofcompanyAis"about50,000yards"andrequirescompanyAtoprovideaninsurancepolicycoveringW.P.A.andWARRISK.SinceitiscustomaryforcompanyAtocoverALLRISKSandwarrisksfromtimetotimeforexportingsuchgoods,companyAhascoveredALLRISKSandwarriskswithoutAcarefulexaminationofthel/c.Afterloadingthegoods,companyApresentedthedocumentstothebankforpayment.Afterexaminingthedocuments,thebankconsiderstheminconsistentandrefusestopay.    Therearetwodiscrepanciesraisedbythebank:  1.Therisksintheinsurancepolicyareinconsistentwiththeprovisionsoftheletterofcredit;  2.ThebillofladingindicatesthatthequantityofgoodsdeliveredbycompanyAis44,800yards,whichisinconsistentwithabout50000yardsstipulatedinthel/c.CompanyA,ontheotherhand,considersthatthecoverageofallrisksisgreaterthanW.P.A.infavorofbuyercompanyB.    Asforthequantityofthegoods,asthel/cstipulates"approximately50,000yds"anddoesnotspecifythespecificincreaseordecrease,thequantityof44,800ydsintheb/lisinconformitywiththel/cstipulations.    Obviously,inthiscase,Acompanyinsuredforallrisksandwarrisk,andcalledforbythel/cisW.P.A.andwarrisk,althoughallriskscoveragethanwpa,goodforcompanyB,butwhenanissuingbankjustsurfaceisconsistentwiththel/cdocuments,regardlessoftherightsandobligationsoftheparties,thebankshallbeentitledtoasAcompanysubmittherisksoftheinsurancepolicydoesnotconformtothatstipulatedinthel/candrefusedtopay.    Asfortheproblemthatthequantityrofthegoodsinthebillofladingpresentedbythebankisinconsistentwiththeprovisionsofthel/c,accordingtotheprovisionsofarticle39(UCP500),wherethewords"approximately","substantially","fishing"orsimilarwordsareusedfortheamount,quantityandunitpriceofthel/c,theyshallbeinterpretedasanincreaseordecreaseofnomorethan10%oftherelevantamount,quantityorunitprice.Therefore,ifthenumberofgoodsinthebillofladingsubmittedbycompanyAisbetween55,000and45,000yards,itisinconformitywiththeletterofcredit.However,infact,thenumberofgoodsindicatedinthebillofladingsubmittedbycompanyAis44,800yards,whichisinconsistentwiththestipulationsofthel/c.Thebankhastherighttorefusetopay.    Intheexportbusiness,documentsareinconsistentduetovariousreasons,andthebeneficiaryisunabletocorrectwithinthestipulatedtimelimitduetothelimitationoftimeconditions,soheisatadisadvantageintheinternationaltrade.Howtoachievedocumentconsistencyeffectively  Byl/cininternationaltradesettlementwayisverycommon,therefore,China'senterprisesintheexportbusinessshallstrictlyabidebytheprincipleofdocumentsareconsistent,whenthebuyertoopenthel/creceivedfromabroad,shouldcarefullyreviewthel/c,andl/ctodeterminewhetherthereisasoftclauseinthecontractareconsistent,thel/c,theprovisionsofthel/ctheseller'sabilitytodoit.    Onceanyproblemisfound,thebuyershouldbeinformedoftheamendmentofthel/cwithoutanyfluke.Ifthereisnoproblemaftertheexamination,thedocumentsshouldbecarefullypreparedinaccordancewiththeprovisionsoftheletterofcredit,sothatthedocumentsarestrictlyconsistent,inordertoavoidadversecircumstances,nipinthebud,andeffectivelyprotecttheirrights.

South American special line:

Mr Zhu 0579-89926619

 

Africa line:

Miss Hu 0579-89925736

In the Middle East line:

Miss Li 0579-89925736

India and Pakistan line:

Mr Lou 0579-89917139

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