I see following clause in a credit.
Freight Forwarder BL presented not acceptable.
what is the intention behind the words? Is it merely that the bill of lading cannot be issued on the letterhead of the freight forwarder?or other
Why Freight Forwarder Bill Of Lading Is Not Acceptable?
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Md.zakir Hossen
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nesarul
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Re: Freight Forwarder BL presented not acceptable.
Dear Zakir bhai,
There are some clauses which have been incorporated in a letter of credit without having any meaning. This is one of them. As we know according to sub article 14(l):'
"A transport document may be issued by any party other than a carrier, Owner, Master or Charterer provided that the transport document MEETS THE REQUIREMENT OF ARTICLES 19,20,21,22,23 OR 24 OF THESE RULES [EMPHASIS ADDED]
so still if a fraight forwarder bill of lading presented which meets the requirement of the terms and conditions of the credit and article 20 of UCP is acceptable.
Moreover UCP is not concerned about the issuer of a transport document or title of the documents, UCP concerns about the requirement of the respective article according to the credit required transport document.
Thanks
nesar
There are some clauses which have been incorporated in a letter of credit without having any meaning. This is one of them. As we know according to sub article 14(l):'
"A transport document may be issued by any party other than a carrier, Owner, Master or Charterer provided that the transport document MEETS THE REQUIREMENT OF ARTICLES 19,20,21,22,23 OR 24 OF THESE RULES [EMPHASIS ADDED]
so still if a fraight forwarder bill of lading presented which meets the requirement of the terms and conditions of the credit and article 20 of UCP is acceptable.
Moreover UCP is not concerned about the issuer of a transport document or title of the documents, UCP concerns about the requirement of the respective article according to the credit required transport document.
Thanks
nesar
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Mehdi
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Re: Freight Forwarder BL presented not acceptable.
Hi
Is there any legal footing favoring Freight forwarders to issue BL? What they issue is referred to as FCR, HBL, HAWB in the forwarding industry. Documents issued by forwarders will be accebptable only when the credits stipulate. Even local regulations in regards to export clearly specify when such documents issued by forwarders will be acceptable.
Regards..Mehdi
Is there any legal footing favoring Freight forwarders to issue BL? What they issue is referred to as FCR, HBL, HAWB in the forwarding industry. Documents issued by forwarders will be accebptable only when the credits stipulate. Even local regulations in regards to export clearly specify when such documents issued by forwarders will be acceptable.
Regards..Mehdi
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shahriar
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Re: Freight Forwarder BL presented not acceptable.
dear mehdi,
i think you are mixing up. air transport and see are governed by two different rules. you can not be the carrier in every case. it depends. again there are some cases where FF is the only solution. will try to discuss in more detail soon.
regds
shahriar
i think you are mixing up. air transport and see are governed by two different rules. you can not be the carrier in every case. it depends. again there are some cases where FF is the only solution. will try to discuss in more detail soon.
regds
shahriar
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Mehdi
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Re: Freight Forwarder BL presented not acceptable.
In that case, the solution lies with MTO not with FF.
Regards.........Mehdi
Regards.........Mehdi
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shahriar
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Re: Freight Forwarder BL presented not acceptable.
dear mehdi,
sorry for not being able to communicate my thoughts to you. i wont go any further now since i need to confess that im too raw in transport articles. and from mr. tolee and kim i learned that UCP is not transport industry. it has its own rule. UCP merely try to go to it and failed in few cases. i have a medium term plan on transport issues to develop skill. till then i quit on this issue. hope someone else will help you.
regds
shahriar
sorry for not being able to communicate my thoughts to you. i wont go any further now since i need to confess that im too raw in transport articles. and from mr. tolee and kim i learned that UCP is not transport industry. it has its own rule. UCP merely try to go to it and failed in few cases. i have a medium term plan on transport issues to develop skill. till then i quit on this issue. hope someone else will help you.
regds
shahriar