Chartered Party Bill of Lading and Oil Letter of Credit
Posted: Wed Aug 04, 2010 12:03 pm
Dear all,
i would want your professional views on the followin scenario:
an l/c for the importation of oil product;
under field46a we have:
* SIGNED ORIGINAL AND ONE COPY COMMERCIAL INVOICE
* FULL SET OF 3/3 ORIGINAL CLEAN ON BOARD OCEAN BILLS OF LADING PLUS 3 NON NEGOTIABLE COPIES ISSUED OR DULY ENDORSED
* CERTIFICATE OF QUALITY/INSPECTION DETAILING PRODUCTS SPECIFICATION ISSUED AT STS LOCATION BY THE INDEPENDENT INSPECTORS
and
* PHOTOCOPY OF THE BILL OF LADING OF THE MOTHER VESSEL TO BE PRESENTED AS ADDITIONAL DOCUMENT ONLY IN CASE OF SHIP TO SHIP TRANSFER
UNDER FIELD FIELD 47A:
AMONST OTHER CONDTION IT STATED IT SAID:
* THE SEQUENCING OF THE MOTHER BILL OF LADING AND DAUGHTER/SLAVE BILL OF LADING MUST BE EVIDENT TO SHOW AND INDICATE SHIP TO SHIP (STS) TRANSFER.
* CHATERED PARTY B/L ALLOWED ... ETC
PLACE OF EXPIRY: LONDON
PORT OF LOADING: OFFSHORE CONTONOU
PORT OF DISCHARGE: GAMBIA SEAPORT
DOCUMENT PRESENTED SHOWS
B/L UNDER PORT OF LOADING: OFFSHRE COTONOU, BY STS SOUTHERN PRIDE
PORT OF DISCHARGE: GAMBIA SEAPORT
ISSUING BACK REFUSED TO PAY ON BASIS OF DISCREPANCY:
1.COPY OF MOTHER OR GRAND MOTHER B/L NOT PRESENTED BUT STS TAKE PLACE''
2. LETTER OF GUANRANTEE PRESENTED IN LIEU OF COPY OF MOTHER OR GRAND MOTHER B/L'''
WHAT DO YOU THINK?
i would want your professional views on the followin scenario:
an l/c for the importation of oil product;
under field46a we have:
* SIGNED ORIGINAL AND ONE COPY COMMERCIAL INVOICE
* FULL SET OF 3/3 ORIGINAL CLEAN ON BOARD OCEAN BILLS OF LADING PLUS 3 NON NEGOTIABLE COPIES ISSUED OR DULY ENDORSED
* CERTIFICATE OF QUALITY/INSPECTION DETAILING PRODUCTS SPECIFICATION ISSUED AT STS LOCATION BY THE INDEPENDENT INSPECTORS
and
* PHOTOCOPY OF THE BILL OF LADING OF THE MOTHER VESSEL TO BE PRESENTED AS ADDITIONAL DOCUMENT ONLY IN CASE OF SHIP TO SHIP TRANSFER
UNDER FIELD FIELD 47A:
AMONST OTHER CONDTION IT STATED IT SAID:
* THE SEQUENCING OF THE MOTHER BILL OF LADING AND DAUGHTER/SLAVE BILL OF LADING MUST BE EVIDENT TO SHOW AND INDICATE SHIP TO SHIP (STS) TRANSFER.
* CHATERED PARTY B/L ALLOWED ... ETC
PLACE OF EXPIRY: LONDON
PORT OF LOADING: OFFSHORE CONTONOU
PORT OF DISCHARGE: GAMBIA SEAPORT
DOCUMENT PRESENTED SHOWS
B/L UNDER PORT OF LOADING: OFFSHRE COTONOU, BY STS SOUTHERN PRIDE
PORT OF DISCHARGE: GAMBIA SEAPORT
ISSUING BACK REFUSED TO PAY ON BASIS OF DISCREPANCY:
1.COPY OF MOTHER OR GRAND MOTHER B/L NOT PRESENTED BUT STS TAKE PLACE''
2. LETTER OF GUANRANTEE PRESENTED IN LIEU OF COPY OF MOTHER OR GRAND MOTHER B/L'''
WHAT DO YOU THINK?