Meaning Of "Third Party Bill of Lading Not Acceptable"
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anwar
- Posts: 1
- Joined: Thu Aug 15, 2013 4:28 pm
- First Name: Md. Anwar
- Last Name: Hossain
- Organization: EXIM Bank of BD Ltd.
- Filter: Two Plus Two =: 4
- Location: Bangladesh
Meaning Of "Third Party Bill of Lading Not Acceptable"
What does it mean by a Third party Bill of Lading. If an LC imply a term under 47A that, Third party Bill of Lading are not acceptable then what does it actually mean. My understanding is A Third party Bill of Lading is a Bill of Lading that is not signed by Carrier itself. That is the Bill of Lading is signed by other than Carrier i.e; As Agent or on behalf of the carrier. Ideas on exact ground are welcome as I need to clarify the issue completely. Thanks.
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picant
- Posts: 2026
- Joined: Wed Aug 20, 2008 1:49 pm
ISBP 745
Hi Pal,
Third party documents(including bill of lading) not acceptable has no meaning in a documentary credit as per ISBP
745 A19 d. Your interpretation was, IMHO, incorrect. The problem of third party originated when the shipper in a transport document was not the beneficiary of the credit, by ISBP 645 it was solved stating that the shpper may be different.
Other comments appreciated
Ciao
Third party documents(including bill of lading) not acceptable has no meaning in a documentary credit as per ISBP
745 A19 d. Your interpretation was, IMHO, incorrect. The problem of third party originated when the shipper in a transport document was not the beneficiary of the credit, by ISBP 645 it was solved stating that the shpper may be different.
Other comments appreciated
Ciao