Sunday, November 27, 2022

Letter of Credit

Dispute between Letter of Credit and Commercial Invoice

A users question about a Dispute he has between Letter of Credit and Commercial Invoice.. Anyone who is an Expert in Documentary Credit or Letter of Credit or International Trade may assist..

Why is it important to check the Vessel Sailing Date..??

Why is it important to check the Vessel Sailing Date..?? "In the context of International Freight Forwarding, why is it important to check the Vessel Sailing Date?" is a question asked by Clarisse.. This article answers the reason why it is important to check the vessel sailing date..

Difference between Received for Shipment, Shipped on Board, Clean on Board & Clean Shipped on Board

Bills of lading generally bear the clauses Received for Shipment, Shipped on board and Clean on board.. In this article, you can read about the difference between these three clauses..

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

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..??

Clean on board or Shipped on Board – what should a bill of lading show..??

Clean on Board and Shipped on Board are two different clauses in a Bill of Lading and these two have sometimes led to confusion and disagreements within the trade.. Here we will examine what the bill of lading should show - Clean on Board or Shipped on Board..??

Different loading and discharging vessel

Ever wondered sometimes when you receive the arrival notification from the shipping line, the name of the vessel is different from the one on the bill of lading..?? Read to find out why..

Addendum to how a letter of credit works – L/C Extension

This is an addendum to my previous article on how an LC works.. If there is a requirement for an LC to be extended, for whatever reason, the seller has to contact the buyer who opened the LC and they will have to in turn contact the issuing bank with valid reasons for the extension..

Recent articles

spot_img