Multiple l/c negotiation under Single bl

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Rimirimi
Posts: 1
Joined: Fri Oct 15, 2021 2:54 pm
First Name: Rimi
Last Name: Yoo
Organization: Korea
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Location: Korea

Multiple l/c negotiation under Single bl

Post by Rimirimi »

I have a question.
Is it possible to submit one bl under multiple letter of credits?
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picant
Posts: 1962
Joined: Wed Aug 20, 2008 1:49 pm

Re: Multiple l/c negotiation under Single bl

Post by picant »

Hi Pal,

In your case I will change the bill of lading in some delivery orders, representing each one the goods covered by each l/c.
Naturally delivery orders must be acceptable by l/c terms.
In trade exists the Commingled bill of lading, a charter party bill of lading for part cargo voyaging on the same vessel as per para G21 isbp 745.In this case the supply is covered by different l/c, the presentation will be correctly made to the issuing banks and cargo released in full.
Other comments appreciated
Ciao
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