Letter of Credit requires IMO Number to be shown on Bill of Lading

release of cargo without bill of lading

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..

What are the main causes of Demurrage and Detention

causes of demurrage and detention

In one my previous articles, I explained the Difference between Demurrage and Detention.. After reading this, a few of my readers have asked me to explain the causes of demurrage and … Read more..

Do banks verify whether the cargo has actually been loaded on a ship..??

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Shippers who deal with documentary credit know that the clause “Shipped on Board” on the bill of lading carries quite a bit of weight and there is often a lot … Read more..

Help, shipping line won’t pre-date or back date my bill of lading

back dating bill of lading

Pre-Dating or Back Dating is when the shipper requests the shipping line to show the Shipped on Board date on the bill of lading as a date before the actual … Read more..

Implications of issuing a Clean on Board bill of lading

Many a time, shippers have asked shipping lines for “CLEAN ON BOARD” clause on a bill of lading and if the request relates to a container shipment, this might have … Read more..

First cross-bank blockchain based letter of credit transaction completed

Press Release - Shipping and Freight Resource

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..

Carrier refuses to show commercial information on the bill of lading

carrier refuses to show commercial and sales information on the bill of lading

Carrier refuses to show commercial and sales information relating to the cargo on the bill of lading.. Are they being pedantic or are they right..??

What is a letter of credit, how it works and who needs it..

sales contract and trade

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..

8 points to consider before you sign a bill of lading

points to consider before you sign a bill of lading

To the casual onlooker, signing a bill of lading may be a routine, day to day mundane job done by many people across the world.. But the fact is that … Read more..

Who is a notify party in a shipment and what is their role..??

Who is notify party

A Notify Party is one of the many parties involved in a shipment reflected in a Bill of Lading, forming an import part of the documentary process.. This article discusses … Read more..

Shipped on Board Date stamp – should it be signed..??

Shipped on board stamp

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..