When I sent out a request for a survey to make this blog more useful, one of the suggestions received was that I involve the readers in more question/answer discussions.. Abiding by the wishes, here’s a question that I have been asked by a reader (Bouit Malika)..
Since 7 years we imported our products from Turkey using LC irrevocable, without paying insurance from our company and our supplier , and our country put us condition to use CFR.
Now our supplier force us to pay him but we didn’t receive goods.
Last month an accident happened to the ship cargo on Greece coming from Turkey, all containers fall in water.
He sent documents on time but our bank found some mistakes on the documents , and they reject them , please inform me what we do ?!
Shipping cargo without insurance – not a very good idea..
What do you think this client should do..??