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- 2 Bill of Lading Clean - On Board Part N. Explain Case ( 2 Points) Credit subject to UCP 600 asks for a full

image text in transcribedimage text in transcribed - 2 Bill of Lading Clean - On Board Part N. Explain Case ( 2 Points) Credit subject to UCP 600 asks for a full set of 3 original bills of lading evidencing shipment of building materials, comprising of cement, steel round bars, I-beams, etc. Consigned to the order of issuing bank, evidencing shipment from any Chinese port to Dubai, with freight prepaid, notifying the applicant. The credit prohibits partial shipments. Three sets of original bills of lading loaded on the same vessel under the same voyage number, discharging at Dubai are presented. The issums bills of lading and the credit the following discrepancy: Partial shipments are made as evidenced by the presentation of three sets of Qucstion: Is the issuing bank's credit prohibits partial shipments. Is this discrepancy valid? k's refusal correct? Indicate the article in UCP 600 and cxplain your answer Part M. Find and Correct mistakes of Letter Credit (L/C) (3 Points). Find and correct the following Letter of Credit: 27 seguence of total. 02/01 45T Drawee: Korea Uni Company Lid. 40 A Fom of Letter Credit BLUE 32 B Currency Code, Amount: 897.000 GBP 31C Documentary Number. 399887 JKD 980 42C Drafts at .... Sight for 60 PCT imvoice value 31D Date of Issue: 12/05/2018 50 A Loading on Board: MAIN PORT OF KOREA 31F Dale of Expiry: 20/04/2018 :50B For transportation to .... MAIN PORT OF JAPAN 41A Applicanl: Korea Uni Company Lid. 41F Latest Date of shipment: 15/03/2018 41B Beneficiary: Sumitomo Company (Japan Co.) 46A Required documentary: - 1 copy of commercial invoices - 1 original Insurance Certificate with 70 PCT of FOB - 1 copy of the Origin Certificate - 2 Bill of Lading Clean - On Board Part N. Explain Case (2 Points) Credit subiect to

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