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Dear fellows

A DA reminds unpaid after maturity the Bill of Ladin was endorse by our bank at the time of acceptance now remitting bank is demanding payment from us the collecting bank. Does the collecting bank is obligated because endorsed the BL? Your comments appreciated

No collecting bank is not liable as per
Art 10 e, URC 522.

Hi Pals,

normally the endorsement on a bill of lading by a bank is made by clausing this endorsement that the bank is acting to facilitate the transaction as qualified operator and not as guarantor of the payment of the collection.
Other comments appreciated
Ciao