Bank Release V Bank NOC
Posted: Mon Jan 06, 2014 2:14 pm
Dear all,
I work in a Freight Forwarding company. Received one email from our overseas partner : “We received the bank releases from consignee.” What is Bank Release? What is difference between Bank Release and Bank NOC?
This was Collect shipment. At First our overseas partner asked for shipper’s Bank NOC. But shipper failed to provide NOC from Bank. And then our overseas partner office wrote that they received bank releases from consignee. What does this mean? Does NOC is not necessary now if they get bank release from consignee? Please explain details. I am very poor in Bank matter related to HBL & MB/L.
What about if it was a Prepaid shipment?
Thanks
Susmita Golam
Bangladesh
I work in a Freight Forwarding company. Received one email from our overseas partner : “We received the bank releases from consignee.” What is Bank Release? What is difference between Bank Release and Bank NOC?
This was Collect shipment. At First our overseas partner asked for shipper’s Bank NOC. But shipper failed to provide NOC from Bank. And then our overseas partner office wrote that they received bank releases from consignee. What does this mean? Does NOC is not necessary now if they get bank release from consignee? Please explain details. I am very poor in Bank matter related to HBL & MB/L.
What about if it was a Prepaid shipment?
Thanks
Susmita Golam
Bangladesh