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What Is The Meaning Of Notify Party On Bill Of Lading
Posted: Mon Apr 07, 2014 12:29 am
by ishara
WHAT DOES IT MEAN BY "NOTIFY PARTY" IN B\L?
WHAT IS THE AUTHORITY THEY HAVE UNDER THE B\L?
What Is The Meaning Of Notify Party On Bill Of Lading
Posted: Tue Apr 08, 2014 1:20 pm
by sanjay8176
In my opinion, the notify party is required to prevent demurrage charges from the port authority and timely the goods can be offloaded from the port, the bank as consignee also needs to be notified
Notify parties
Posted: Wed Apr 09, 2014 12:44 am
by picant
Hi Pals,
IMHO, it is the way to inform someone specially when the bill is consigned to order.
Notify party has no power, but he may arrange all the necessary to take up the goods, naturally
under presentation of original bill of lading.
Other comments appreciated
Ciao
Notify
Posted: Wed Apr 09, 2014 4:02 am
by Veerla
Picant is on dot.
Notify party can be the Applicant or any party who'll act at the behest of the Applicant on issues of releasing the goods or the like. For sure they are not holders of title to goods in the least.