BL shows
consignee or order
Bank xxxx
xxxxxxxx
xxxxxxxx
no indication of to order. is the BL straight consign? if the applicant waive this discrepancy, how can we release the documents? will a normal endorsement work on the back of the BL?
endorsement of on straight BL
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sunny
- Posts: 23
- Joined: Thu Dec 11, 2008 11:27 pm
I think is a legal issue
The wording is somehow conflicting. A conflict in a document is deemed a discrepancy. The question here is that BL a title of goods?
The situation should be put in front of an expert maritime layer
The situation should be put in front of an expert maritime layer
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picant
- Posts: 2026
- Joined: Wed Aug 20, 2008 1:49 pm
Unloading
Hi Pals,
in effect ISBP 681 points 76,101, 122 consider transport documents consigned / to order, not acceptable in a L/C.
In case of acceptance by the applicant of discrepancy, if the bank decides to endorse the Bill of lading, will claused it " for unloading " or put a not negotiable stamp to avoid further endorsement.
However a good forwarder will help applicant to solve this problem.
Other comments appreciated.
Ciao
in effect ISBP 681 points 76,101, 122 consider transport documents consigned / to order, not acceptable in a L/C.
In case of acceptance by the applicant of discrepancy, if the bank decides to endorse the Bill of lading, will claused it " for unloading " or put a not negotiable stamp to avoid further endorsement.
However a good forwarder will help applicant to solve this problem.
Other comments appreciated.
Ciao
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shahriar
- Posts: 923
- Joined: Fri May 16, 2008 1:03 am
- First Name: Shahriar
- Last Name: Masum
- Organization: Mutual Trust Bank
- Filter: Two Plus Two =: 4
- Location: Bangladesh
i endorse like NOC
i got straight BL several times. i endorsed with a clause that we have no objection in releasing the goods.
regd
shahriar
regd
shahriar