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Commodity Import & Risk In Charter Party B/L

Posted: Fri Feb 27, 2015 6:03 pm
by mohitjai
Hi

In case of L/C involving commodity imports and allowing charter party B/L wherein the issuing bank doesn't want to run the risk of goods not reaching the destination port but complying docs are presented to the issuing bank (and hence resulting in liability for the bank), what possible mitigants could be incorporated in the L/C ?

appreciate views.

May be insurance coverage

Posted: Mon Mar 09, 2015 2:47 am
by picant
Hi Pal,

I understand the the issuing bank does not want enter in the risk of losing goods. it may insure the goods even if the buyer has such liability, nominate Charterers with good reputation ...
Other comments appreciated
Ciao