Can LC Issuing Bank Arrange Take Delivery Of The Goods To Avoid Demurrage Charges?

[dinesh2476]

Dear Experts,

need your opinion on the below

Bill of lading issued with consignee '' to the order of issuing bank'' and due to the issue with applicant, they goods are lying in the port of discharge without attention causing demurrage charges.

can issuing bank arrange for its own action to take delivery of the goods to avoid dumarrage charges?

As a bank, how will they handle the situation?

Regards
Dinesh Kumar

[dinesh2476]

Dear Experts,

Any opinion welcome.

Thanks.

Regards
Dinesh Kumar

[picant]

Hi Pal,

IMHO, some liabilities for the issuing bank may in effect arisen, however i think that all liabilities
are for the shipper in the bill of lading. It is this entity that signed the transport contract,
Liabilities for the bank if the l/c indicated that the bill of lading had to be issued to the
order of the bank, naturally after a favourable legal action.
Many banks prefer bill of lading issued to the order(of the shipper) and blank endorsed, but in many Countries this is not possible (Bangladesh ?)
Other comments appreciated
Ciao