Tag: international-trade
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WHERE COPY OF BILL OF LADING IS PRESENTED
WHERE COPY OF BILL OF LADING IS PRESENTED QUESTION Hi Sir, I am a trade professional with 3 years of experience in Document checking and Bill Booking. I have a query related to one import presentation we handled. LC required copy bill of lading evidencing telex release and states period for presentation as 21 days…
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# WHERE THE REIMBURSING BANK REFUSES TO HONOUR A REIMBURSEMENT CLAIM
# WHERE THE EXPRESSIONs “C/O” and “ON BEHALF OF” ARE USED ON BILLS OF LADING QUESTION Dear Mr. Old Man, Thanks for your guidance regarding my previous query of late presentation pointed out by confirming bank i.e. ICICI Bank SG. Need your expertise advice for following queries: 1) We, ABC Bank SG has checked a…
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SHIPPING GUARANTEES AND OVERDRAWN DISCREPANCY
SHIPPING GUARANTEES AND OVERDRAWN DISCREPAN QUESTION Dear Mr. Old Man, Please give your comments for the below case: At the request and for account of the applicant, we issued an LC for an amount not exceeding USD 500,000. As the cargo had arrived before the documents were presented to our bank, at the request of…
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QUESTIONS ABOUT D/P AT xx DAYS FROM B/L DATE and CLEAN COLLECTIONS
QUESTIONS ABOUT D/P AT xx DAYS FROM B/L DATE and CLEAN COLLECTIONS QUESTION Dear Mr. Old Man, I have some questions to ask you: 1) Why do banks reluctantly accept D/P 90 days after B/L date? 2) Why do banks provide clean collections of checks only, and not bills of exchange? Best regards, ————– ANSWER…
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WHETHER A CONGENBILL IS A CHARTER PARTY BILL OF LADING
WHETHER A CONGENBILL IS A CHARTER PARTY BILL OF LADING QUESTION Dear Sir, Good day to you. I have a case with LC point out as below: F46A: FULL SET OF 3/3 ORIGINAL BILLS OF LADING PLUS 1 NON-NEGOTIABLE COPY, MARKED FREIGHT PREPAID, ISSUED ON CONGENBILL 1978 OR 1994 FORM ONLY, ISSUED TO THE ORDER…
MR. OLD MAN 