Month: February 2014
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WHERE CORRECTIONS ON A BILL OF LADING ARE AUTHENTICATED BY A SEPARATE STATEMENT
WHERE CORRECTIONS ON A BILL OF LADING ARE AUTHENTICATED BY A SEPARATE STATEMENT.
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WHERE CORRECTIONS ON A BILL OF LADING ARE AUTHENTICATED BY A SEPARATE STATEMENT
QUESTION We presented documents under 6 separate Ls/C. It was a commingled shipment all on the same vessel. Each BL mentioned the usual commingling clause “This shipment was loaded aboard the vessel as part of one original lot of 4000.153 kilos with no segregation…” The discrepancy (for one LC and then for all) was that…
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SHORT SHIPMENT OR NOT?
QUESTION Dear Mr Old Man, LC stipulates as follows: – Partial shipment: allowed. – Latest date of shipment: 13 Feb 2014 – Presentation period: within 15 days from the date of shipment but within the validity of the credit – Expiry date: 28 Feb, 2014. – Additional conditions: 135,000 meters will be on or before…
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INSURED PARTY UNDER THE INSURANCE POLICY
QUESTION Hi, Please find my below query: As per ISBP 745 para K20(b): When a credit requires an insurance document to be issued “to order of (named entity)” the document need not indicate “to order” provided that the named entity is shown as the insured party or claims are payable to it, and assignment by…
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QUESTION REGARDING ON BOARD NOTATION AND ISBP 745 E6
QUESTION Hypothetical Case LC requires marine bill of lading for port to port shipment with shipment to be effected from Central port, Mars and Different sets of bills of lading presented with below observations:- Case 1: PcV : PoR : Central Port, Mars V’l : MV-100 PoL: Central Port, Mars TOB: Received for Shipment Case…
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PACKING LETTER OF CREDIT
QUESTION Bên em nhận được thông tin từ khách hàng về Packing letter of credit, nhưng bên em chưa nghe về loại LC này bao giờ, tìm kiếm trên google thì thông tin cũng rất vắn tắt, chỉ có định nghĩa như sau: “A borrowing facility provided by a financial institution to help an exporter finance the costs of buying or making a set of products, and…