BL needed for DES incoterms?

The forum is dedicated to all who deals with LCs. Please share your experiences, problems and opinions with us. You are requested to be confined to LC related issues only. Let us together discover the beauty of Letter of Credit. Thank and regards – admin; besttradesolution.com
Post Reply
Henry
Posts: 1
Joined: Thu Oct 21, 2021 12:26 pm
First Name: bigbrother
Last Name: tan
Organization: Alfax
Filter: Two Plus Two =: 4
Location: asia

BL needed for DES incoterms?

Post by Henry »

hi experts,
can someone enlighten this situation. i am buying product from supplier on DES terms and title transfers at destination, but supplier is not willing to provide or endorse bill lading to me. transaction is under LC terms. do i have rights to insist BL to be provided?
User avatar
picant
Posts: 1963
Joined: Wed Aug 20, 2008 1:49 pm

Re: BL needed for DES incoterms?

Post by picant »

Hi Pal,

DES Incoterms 2000, replaced by DAP/DAT on Incoterms 2020, the seller placed the goods at disposal of the buyer on board of the ship at the port of destination. The buyer must present bill of lading to get the goods. Assuming that the l/c in favour of the seller requires presentation of bill of lading to a bank, the bill of lading had to be requested: negotiable. Let us know some more details!
Ciao
Post Reply