UPDATE to – Question regarding cargo under Letter of Credit

FI for asked and answered

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 covered under Letter of Credit and other cargo is not..

Should the carrier issue two bills of lading..?? Or is mentioning in the same B/L the goods under L/C and goods that aren’t is enough..??

This post is an update where I have discussed the answer to the above question..

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Question about multiple cargoes in a container where only a part of the cargo is covered by letter of credit

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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 lading..?? Or is mentioning in the same B/L the goods under L/C and goods that aren’t is enough..??

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What is a short form/blank back bill of lading..??

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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 is the most important document in this business and there are always several questions surrounding a bill of lading.. This article deals with one such type of bill of lading – Short form bill of lading..

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Shipping cargo without insurance – reader question

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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 comments welcome on this situation..

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Can I get an Express Release for cargo while Original Bill of Lading is with the bank..??

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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..

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Story of a CIF contract and a Letter of Indemnity

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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 of lading should be lost..

The buyer’s bank refuses to make payment without original BOL and will not accept LOI..

What happens next..??

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Dispute between Letter of Credit and Commercial Invoice

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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..

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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..

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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..

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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..??

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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..??

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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..

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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..

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