Hi all,
L/C calls for: FULL SET 3/3/ ORIGINAL BILLS OF LADING MADE OUT TO ORDER OF BANK ABC, KATHMANDU, NEPAL
Beneficiary presents B/L consigned TO ORDER and endorsed by shipper TO ORDER OF BANK ABC, KATHMANDU, NEPAL.
is this acceptable? at the end of the day you still have a negotiable B/L to order of the issuing bank, however i have seen this rejected before, discrpancy 'B/L endorsed to order of issuing bank instead of consigned to issuing bank'.
any opinions?
best regards
Bill Of Lading Endorsed To Order Of Issuing Bank
-
- Posts: 25
- Joined: Tue Jul 19, 2011 6:39 pm
- First Name: NED
- Last Name: SMITH
- Organization: TRADE FINANCE
- Filter: Two Plus Two =: 4
- Location: UK
-
- Posts: 25
- Joined: Thu Sep 12, 2013 4:34 pm
- First Name: thanhhabb
- Last Name: Phan
- Organization: Vietnam Bank
- Filter: Two Plus Two =: 4
- Location: Vietnam
To order of issuing bank
Dear Friends,
I have encountered similar cases like yours some times and the answer is "No'. The way of endorsement like that is not acceptable, it may change the nature of B/L regarding the consignee. Regards,
I have encountered similar cases like yours some times and the answer is "No'. The way of endorsement like that is not acceptable, it may change the nature of B/L regarding the consignee. Regards,