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ICC An Overview On ISBP 681

This document provides an overview of guidelines related to International Standby Practices (ISBP). It summarizes 30 topics around key document standards, including corrections, dates, expressions, language, amounts, invoices, transport documents, certificates of origin, and partial shipments. The overview explains expectations for document formatting, content, signatures, and other standards to comply with ISBP.

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Mohammad Khaled Saifullah Cdcs
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© Attribution Non-Commercial (BY-NC)
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Download as PPT, PDF, TXT or read online on Scribd
953 views30 pages

ICC An Overview On ISBP 681

This document provides an overview of guidelines related to International Standby Practices (ISBP). It summarizes 30 topics around key document standards, including corrections, dates, expressions, language, amounts, invoices, transport documents, certificates of origin, and partial shipments. The overview explains expectations for document formatting, content, signatures, and other standards to comply with ISBP.

Uploaded by

Mohammad Khaled Saifullah Cdcs
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPT, PDF, TXT or read online on Scribd
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An Overview on ISBP

Md. Siddiqur Rahman


CDCS, DAIBB, DIB

Senior Vice President IBBL, HO, Dhaka

Abbreviations

6. Ltd. Intl, Co. Kg. Ind. Mt. etc.

7. Slash should not be used

Application & Issuance

1. Documents- which, by whom & time frame

4. Documents issued or countersigned by the applicant 5. Avoiding details in the underlying transaction.

Corrections

9. Document issued by other than beneficiaryspecified & authenticated 10. Document except draft issued by beneficiaryneed not be authenticated 11. Multiple type style, Font size, hand writing
4

Dates
13. Drafts, transport document & Insurance document must be dated
14. Document including PSI may be dated after the date of shipment 15. Date of signing is the date of preparation 18. Dates may be in different formats. Name of the months should be used

Document for which UCP do not apply

19. 20.

DO, FCR, FCS etc- not transport document Copies are not transport document

Expressions not defined in UCP


21. Shipping document,
stale document 3rd party document

exporting country should not be used.


7

Language & Mathematical Calculation


23. Documents- in the language of the credit.
24. Detailed mathematical calculation not checked - only total values

Misspelling & typing error


25. Acceptable if it does not affect the meaning Mashine modle etc.

Multiple pages and attachments


27. Signature- first or last page of the documents unless specified.

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Shipping Mark
34. Must show as mentioned but additional information acceptable. 36. Container number 1/0 shipping mark is acceptable

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Signature
37. Draft, certificates and declaration by their nature require signature Transport & Insurance document must be signed as per UCP

12

Title of Documents
41. As called for or similar or untitled - packing list, packing note, packing & weight list
42. Document listed should be presented as a separate documents

13

Tenor
43.

-Must be possible to establish maturity


-On board date is the date of B/L - the earliest when more than one on board notations

- the date of the last B/L when more than one set.
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Maturity date
47. Drawee Bank must advise the maturity date

15

Amounts
50. Words & Figures must be accurate and should indicate currency 51. Amount must agree with that of the invoice

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Invoice
57. Any type except provisional, pro-forma.

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Description of goods
58. Must correspond not a mirror image
59. Must reflect actual shipment 61. Trade term

64. Must not show- over shipment or merchandise not called for
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Transport Document
69. Need not be titled multimodal or Combined transport document.

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On Board notations
73. Issuance date or the date of the notation
74. Shipped in apparent good order Laded on board clean on board acceptable.

20

Place of loading on Board & Destination


75. Must indicate actual place (ex. Any European port).

21

Clean Transport Documents


82. Defective condition of goods or packaging.
83. Acceptable even if the word clean is deleted

22

Consignee, Order party etc.


101. Straight or to order must be complied .

23

Goods Description
108. In general terms not in conflict with the credit

24

Airport of departure & destination


141. Use of IATA code acceptable (ex. LHR).

25

Consignee, Order party etc.


143. AWB should not be issued to order as it is not a document of title.

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Road, Rail, Inland Waterway Transport Documents.


158. Duplicate/Carbon copy of RR is acceptable as original. - Railway bill without showing the named of the carrier is acceptable

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Certificate of Origin
182. Certificate issued by a Chamber of Commerce is acceptable - any party including the beneficiary may issue if not specified.
185. Consignor or exporter may be different from the beneficiary or the shipper.

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Partial Shipment
164. Shipment on more than one means of conveyance (truck, trais, vessel etc.) 185. Consignor or exporter may be different from the beneficiary or the shipper.

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