Late Presentation??
Posted: Wed Sep 15, 2010 11:17 pm
Hi All,
I'm in a bit of a tight spot on a big LC. There were some document requirements of the LC that took longer than expected to obtain from the shipping company (signed chamber of commerce document, etc). The LC stipulated that the "DOCUMENTS MUST BE PRESENTED WITHIN 20 DAYS OF THE BILL OF LADING." Due to the delays, they were presented on the 21st day after shipping.
We have submitted the LC on an approval basis. We should know whether the consignee waives the discrepancies within 2 weeks. The thing is, the sea freight delivery is due to be delivered in 2.5-3 weeks from today. So we should know whether the customer waives the discrepancies before the goods are delivered.
We have a good relationship with the customer, but they are a first time buyer of ours, so I need to protect our company. Since the goods are still en route via sea freight, coupled with the fact that the customer desperately needs the materials for a project they are working on, we still have some leverage.
Since the documents will have a "Late Presentation" discrepancy, I think our only saving grace would be that we could deny final delivery of the goods if the customer doesn't waive the discrepancies? Does anyone have any other ideas?
I am just trying to look for some protection on this shipment. If anyone can help out and provide their thoughts on the matter, I would be very thankful. Thanks in advance everyone.
-Max
I'm in a bit of a tight spot on a big LC. There were some document requirements of the LC that took longer than expected to obtain from the shipping company (signed chamber of commerce document, etc). The LC stipulated that the "DOCUMENTS MUST BE PRESENTED WITHIN 20 DAYS OF THE BILL OF LADING." Due to the delays, they were presented on the 21st day after shipping.
We have submitted the LC on an approval basis. We should know whether the consignee waives the discrepancies within 2 weeks. The thing is, the sea freight delivery is due to be delivered in 2.5-3 weeks from today. So we should know whether the customer waives the discrepancies before the goods are delivered.
We have a good relationship with the customer, but they are a first time buyer of ours, so I need to protect our company. Since the goods are still en route via sea freight, coupled with the fact that the customer desperately needs the materials for a project they are working on, we still have some leverage.
Since the documents will have a "Late Presentation" discrepancy, I think our only saving grace would be that we could deny final delivery of the goods if the customer doesn't waive the discrepancies? Does anyone have any other ideas?
I am just trying to look for some protection on this shipment. If anyone can help out and provide their thoughts on the matter, I would be very thankful. Thanks in advance everyone.
-Max