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Does The Collecting Bank Need To Endorse A Bill Of Lading?
Posted: Fri Feb 22, 2013 11:42 am
by TradeLaporte
Does the collecting bank need to endorse a BL? when a DP is paid and BL is made to order and blank endorsed by shipper in blank and Remitting bank also stamp endorsed to "Any Bank or Banker"
Your comments appreciate it
Does The Collecting Bank Need To Endorse A Bill Of Lading?
Posted: Fri Feb 22, 2013 10:32 pm
by WanDan
Hi,
If BL is made out to order and blank endorsed there is IMHO no need for an endorsement.
Other comments appreciated.
Cheers,
Dan
Endorsement
Posted: Sat Feb 23, 2013 2:32 pm
by picant
Hi Pals,
IMHO, the local law will regulated the endorsement. In Italy if there is a generic endorsement, tipical in case of collection, to any banker or bank, a bank or banker has to endorse it in favour of the drawer/importer.
Other comments appreciated
Ciao
No need for further endorsement.
Posted: Sun Mar 03, 2013 7:05 pm
by mskhan42
Hi,
no need for further endorsement.
Regards,
M. Saqib Khan