To the order of blank endorsement in case of import shipment

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
Post Reply
User avatar
shapla
Posts: 5
Joined: Tue Dec 10, 2013 10:44 am
First Name: shapla
Last Name: bari
Organization: MGH Group
Filter: Two Plus Two =: 4
Location: Bangladesh

To the order of blank endorsement in case of import shipment

Post by shapla » Tue Dec 10, 2013 10:58 am

Can anyone please help me to know about the rules in case of Import shipment in Bangladesh.
Is that acceptable by local Customs to permit Bill of lading with notify (ultimate buyer and bank)as below form:
1.Consignee "to the order of" without bank),
2.Consignee "to the order of shipper",
3. Consignee " to the order blank endorsement"

Regards/Shapla

User avatar
shapla
Posts: 5
Joined: Tue Dec 10, 2013 10:44 am
First Name: shapla
Last Name: bari
Organization: MGH Group
Filter: Two Plus Two =: 4
Location: Bangladesh

reply of 'to the order of blank endorsement

Post by shapla » Wed Dec 11, 2013 11:00 am

can anyone please assist me on above issue, actually i am a bit confused on deciding some issues..

User avatar
picant
Posts: 2026
Joined: Wed Aug 20, 2008 1:49 pm

I dare say

Post by picant » Thu Dec 12, 2013 12:07 am

Hi Pal,

a part is necessary a suggestion by a Bengalese Banker, the 1, 2, 3 solutions are the same thing:

1) to order(of the shipper)
2) to order of the shipper
3) to order of the shipper , blank endorsed.

So the shipper may sign/endorse the bill of lading in favor of someone or in blank.
Other comments appreciated
Ciao

User avatar
shapla
Posts: 5
Joined: Tue Dec 10, 2013 10:44 am
First Name: shapla
Last Name: bari
Organization: MGH Group
Filter: Two Plus Two =: 4
Location: Bangladesh

what about bank endorsement on such case?

Post by shapla » Thu Dec 12, 2013 12:04 pm

is there any bank verification required on such case (bank here is on notify column besides ultimate notify)

Post Reply