When can a bank guarantee against a lost bill of lading be cancelled..??

In cases where an original bill of lading is lost, there are several steps that need to be taken to carry on business and secure release without an original.. I previously wrote about What to do when an Original Bill of lading is lost so I am not discussing it again here..

One of the solutions for release without original bill of lading is a Bank Guarantee..

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How long is a bank guarantee issued in lieu of a lost original bill of lading valid..??

bank guarantee

Usually when an original bill of lading is lost, shipper needs to submit a bank guarantee to the shipping line to secure release of cargo.. But how long is a bank guarantee issued in lieu of a lost original bill of lading valid.?? Can the bank keep the guarantee indefinitely..??

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