Category that covers all discussions or articles under Letter of Credit or other forms of Documentary Credit
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 here..
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 here..
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..
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..?? Go to full article >>>
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..
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 here..
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 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 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 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..
There is a perception in the industry that the use of a House Bill of Lading is dangerous.. Let us explore that topic here and see if there is any … 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..