Bank Gaurantee for Issuance of Duplicate Bill of Lading

With the introduction of Uniform Rules for Documentary Guarantee or URDG 758, the rules for Documentary Guarantee seem to be popular again. It can be imagined from the increasing number of questions that have popped up in recent days. Documentary Guarantee Forum is an effort to develop a platform to discuss these questions.
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ASIF
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Bank Gaurantee for Issuance of Duplicate Bill of Lading

Post by ASIF »

please guide for the Bank Gaurantee for issuance of duplicate Bill of Lading. Original B/L is lost.
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picant
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Bank Guarantee

Post by picant »

Hi Pal,

unfortunately you must accept a wording presented by the shipping company, with some clauses not very fair.
We have to say that the bill of lading doe not contain the value of the goods, so the shipping company will ask for a bank guarantee amounting to the double of the extimated cargo value and valid, may be, five years.
So no bargain, only acceptance.
Other comments appreciated
Ciao
ASIF
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Bank Gaurantee for issuance of duplicate Bill of Lading

Post by ASIF »

Please provide the detail about issuance of bank guarantee for issuance of duplicate bill of lading
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picant
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Guarantee

Post by picant »

Hi Pal,

IMHO, it is better to ask a Shipping Company, locally. Moreover for the amount and the expiry date it would be necessary to discuss and obtain more favourable conditions. So contact some friends at a shipping company, wording can vary according to the Area.
Try in Internet too.
Ciao and good luck
aemrek
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Lost Bill of Lading

Post by aemrek »

Hi Asif

You should search for the cases where the original B/L relating to shipment is lost. Also for for reissued B/L. Those topics may help you find about bank guarantees as well.

I hope you luck
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Virendra
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Good One!!!!

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good one!! :ymapplause:
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