Standard Chartered announced the successful completion of the first cross-bank Letter of Credit (LC) transaction between Vietnam and Thailand conducted over blockchain, in partnership with Asian Development Bank (ADB), Bank … Read more here..
Many of you would have come across the term Letter of Credit (L/C).. If you are a shipping line, you would have heard this term from various customers asking you … Read more here..
Blockchain – that newfangled concept seems to be catching on quickly and moving along quite nicely in the shipping and freight industry.. A Blockchain is a ledger that uses cryptography, … Read more here..
Shipped on Board Date and Bill of Lading date – can these two dates be different.. What are the implications if they are same or different..?? Go to full article … Read more here..
A shipped on board date is an important date on a bill of lading, especially where a Letter of Credit is involved.. Should the Shipped on Board stamp be signed … Read more here..
A reader asked me a question about letter of credit and trade finance timelines.. With a letter of credit. What sort of timings are usually connected to when the payment … Read more here..
Do banks verify if cargo is actually loaded on a ship..?? Shippers who deal with documentary credit know that the term Shipped on Board carries quite a bit of weight … Read more here..
A case study on the obligations of a shipping line in terms of clauses/notations to be mentioned in a bill of lading.. Based on a real life question from a … Read more here..
When answering my last post Question regarding cargo under Letter of Credit, I mentioned that part bills could be a solution for two shipments in a same container where part … Read more here..
In my last post, I posed a question on behalf of a reader about the possibility of two cargoes being shipped under one bill of lading where one cargo is … Read more here..
What happens if the exporter would like to send in the same container goods covered by L/C in addition to some other goods. Should the carrier issue two bills of … Read more here..
True to the nature of its business, the business of shipping and freight is a vast ocean covering many issues and areas which sometimes seems unfathomable.. A Bill of Lading … Read more here..
Shipping your cargo without insurance.. Hmmmmm, not a very smart idea.. Several pitfalls await those who attempt this.. Here’s a question from a reader based on their historical experience.. All … Read more here..
An exporter wants to get an Express Release done while the Original Bill of Lading is with the bank.. Is this possible..?? Read this article to find out.. Go to … Read more here..
This is the Story of a CIF contract and a Letter of Indemnity.. Seller is delivering CIF to Chinese port. The contract has an LOI provision if the original bill … Read more here..