BL made to order missing to be endorse

Simple is Beautiful; the only thing came in my mind when thought of documentary collection. And I think more and more people are thinking the same in these days. Documentary Collection offers us far greater security than selling on open account; but not as much as a documentary credit. We should therefore be more cautious before starting selling using this method of payment. Documentary Collection Forum is an effort to help you on this way – admin; besttradesolution.com
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TradeLaporte
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BL made to order missing to be endorse

Post by TradeLaporte » Wed Nov 27, 2013 12:08 pm

Dear folks
Documents under DP paid at sight while mailing documents to drawee noted BL made to order missing endorsement . Will your bank endorsed on behalf of shipper? Since transaction has been paid
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picant
Posts: 2026
Joined: Wed Aug 20, 2008 1:49 pm

In this case

Post by picant » Wed Nov 27, 2013 12:18 pm

Hi Pal,

in this case may a bank accept a SWIFT message from remitting bank authorizing to endorse the bill of lading on behalf of shipper.
I dont see hampers to do it.
Other comments appreciated
Ciao
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