Requirements for Specific Modes of Documentation
Ebenezer Adodo · Oxford University Press eBooks · 2014
It is now necessary to examine the subject we postponed in Chapter 4, namely, acceptable modes of documentation in pursuance of specific classes of stipulations comparatively frequently found in letters of credit. Some of the matters expressly receive substantial attention in the Uniform Customs and Practice for Documentary Credits (the UCP 600), and have also come before the courts persistently. The exploration deals first with the conformity of documents as to their date of issue, and inclusion of the address, contact details, and name of the beneficiary and applicant, and then the effect of a credit clause calling for a draft drawn on the applicant of the credit. The third section covers the constituents of an original document and copies. The fourth section takes up the largest portion of the chapter and looks at the various means of determining the conformity of particular kinds of documents that feature prominently in contemporary letter of credit litigations. The most important of the documents are the commercial invoice, bill of lading, and certificate of, for example, quality, quantity, inspection, weight, or surveyor’s report. The chapter closes with a summary of the main principles applicable to the particular documents identified in the previous sections.