Commodity Import & Risk In Charter Party B/L

[mohitjai]

Hi

In case of L/C involving commodity imports and allowing charter party B/L wherein the issuing bank doesn't want to run the risk of goods not reaching the destination port but complying docs are presented to the issuing bank (and hence resulting in liability for the bank), what possible mitigants could be incorporated in the L/C ?

appreciate views.

[picant]

Hi Pal,

I understand the the issuing bank does not want enter in the risk of losing goods. it may insure the goods even if the buyer has such liability, nominate Charterers with good reputation ...
Other comments appreciated
Ciao