화환신용장거래에서의 물품명세의 충족요건

The Requirements for Description of Goods in L/C Transactions-With a Special to the Description of Goods in L/C and C/I-

This study is to review the requirements for the description of goods stated in commercial invoice under documentary credits. The requirements of commercial invoices under DCs are stipulated in Article 18 of UCP 600 and in para 57-64 of ISBP. According to the case study and the decisions, the description of goods in the commercial invoice must correspond with the description in the credit. However there are no requirements of a mirror image that the description must be exact or limited to that stated in the credit. Therefore, if extra information which has been added to and omitted from the goods description on invoice does not change the nature of the goods, such information cannot be considered as a discrepancy. By using the results of this study, the beneficiaries will be able to prepare documents more perfectly and bankers will be able to examine the invoices more easily. Finally it is expected to reduce discrepancy rate of the invoice and to prevent disputes resulted from the discrepancies of the invoices.