b/l indicate risk terms

narisa · Post by **narisa** » Fri Feb 27, 2009 9:42 pm

dear all
I need to know about wording of terms in front of b/l (preprint) said that 'if required by the carrier, this bill of lading duly endorsed shall be surrendered in exchange for goods or delivery order'
What is the meaning of this clause ?It's a big topic in my office as someone understand that shipping co.can release goods anytime.please make me clear.
thanks all
narisa

jmitra · Post by **jmitra** » Sat Feb 28, 2009 11:55 am

there has been wide discussion at the ICC banking commission on this clause. finally it was verdict as terms and condition and therefore acceptable since banks need not to review the terms and condition on the bill of lading

eximconsulting.net · Post by **eximconsulting.net** » Fri Mar 06, 2009 7:58 pm

Please check the link below.

http://www.forwarderlaw.com/library/vie ... cle_id=219

Regards,

Ozgur Eker

b/l indicate risk terms

b/l indicate risk terms

its a terms and condition

here is the answer of your question