importance of vessel name

The forum is dedicated to all who deals with LCs. Please share your experiences, problems and opinions with us. You are requested to be confined to LC related issues only. Let us together discover the beauty of Letter of Credit. Thank and regards – admin; besttradesolution.com
Post Reply
User avatar
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

importance of vessel name

Post by shahriar » Mon Jan 12, 2009 7:50 pm

friends,

i need your opinion. why it is important for a bill of lading to have the name of the vessel. of course its a requirement of UCP. but why? what are the information that one gets from the name of the vessel?

regd

shahriar

jmitra
Posts: 247
Joined: Tue Sep 02, 2008 10:16 pm
First Name: jasmit
Last Name: mitra
Organization: bank
Filter: Two Plus Two =: 4
Location: India

information from a vessel name

Post by jmitra » Wed Jan 14, 2009 12:05 am

a vessel name is important because it give you the following information

1. to find Sailing Schedules for a specific vessel.
2. Vessel Particulars including Lloyds Number, Year Built, Vessel Flag.

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

by law

Post by picant » Wed Jan 14, 2009 12:19 am

Hi Pals,

I agreed that with the name of vessel you can trace all details, to insure it or the like, but Vessel Name is compulsory in a Bill of Lading in many local laws, and in international rules.

Other comments appreciated

Ciao

User avatar
berry
Posts: 329
Joined: Fri Nov 07, 2008 11:36 pm

P&I Club

Post by berry » Wed Jan 14, 2009 12:22 am

i have heard that vessel name is required by the P&I club for insurance purpose. so a vessel name is important for the shipowners as well

Post Reply