Commodity Import & Risk In Charter Party B/L
Posted: Fri Feb 27, 2015 6:03 pm
Hi
In case of L/C involving commodity imports and allowing charter party B/L wherein the issuing bank doesn't want to run the risk of goods not reaching the destination port but complying docs are presented to the issuing bank (and hence resulting in liability for the bank), what possible mitigants could be incorporated in the L/C ?
appreciate views.
In case of L/C involving commodity imports and allowing charter party B/L wherein the issuing bank doesn't want to run the risk of goods not reaching the destination port but complying docs are presented to the issuing bank (and hence resulting in liability for the bank), what possible mitigants could be incorporated in the L/C ?
appreciate views.