Best Trade Solution

what will be a good solution when documents under a DA where sent to a foreign country for clearance but find out by Maersk Line thatt he BL has not been endorsed by the bank. In this collection the remitting bank make a wrong decision the BL was to the order and remitting bank endorsed to the presenting Bank which it should not happen presenting bank released documents by courier to a foreign country destination and missed to endorser.

Is there any chance the Maersk acccept an email authorization to endorse the BL on behalf the presenting bank?

your comments appreciate it

Hi Pal,

I have understood that the bank has not endorsed the bill of lading that is already at presenting bank' office.
In this case the remitting bank must send a swift message or a tested telex authorizing said bank to endorse the bill of
lading for its account.
The bank receiving this message will endorse the bill of lading on behalf of said bank.
I think that an unauthenticated message, e.g. MT999 could suffice.
Other comments appreciated
Ciao

Ciao and Thanks Picant. Allow me clarify my issue we were the presenting bank docs released to a broker in a foreign country BL consigned to order but remitting bank endorsed to us a clear mistake docs in possession of broker . Will then act on behalf of
Our request to endorse BL and hAve the issue resolve

Hi Pal,

in Italy an endorsement could be cancelled and re-proposed, I mean: if the Bank in a foreign Country has endorsed the bill of lading uncorrectly, it may cancel
the endorsement and provide a new, correct endorsement, the old one remains null and void.
Frankly I dont know if such action is possible worldwide.
Other comments appreciated
Ciao

Hi,

Picant is absolutely right. Whether you can cancel/amend an endorsement depends on local law.

Cheers,
Dan