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Consigned To Vs Endorsed Over
Posted: Mon Apr 13, 2015 7:53 pm
by Siddique
Would it be a discrepancy if a L/C calls for a B/L to be consigned to the order of bank ABC but a B/L is presented consigned to order of bank XYZ and bank XYZ endorse the B/L over to bank ABC
Re: consigned to v endorsed over
Posted: Tue Apr 14, 2015 1:19 pm
by gegeeee
IMHO it ıs not a dıscrepancy as ıt serves the same result.
Gega
Re: consigned to v endorsed over
Posted: Sun Apr 19, 2015 11:17 pm
by dinesh2476
Dear All,
It is discrepancy. BL must show consignee as specified in the LC.
The below mentioned case, does not give the oppertunity bank for ABC bank to endorse it further.
Regards
Dinesh Kumar
Re: consigned to v endorsed over
Posted: Tue Apr 21, 2015 6:53 am
by shady
dear all,
it Is not a discrepancy,Regulations in certain countries require that
bills of lading be issued to the order of the nominated bank and to be duly
endorsed to the issuing bank.
regards
Re: consigned to v endorsed over
Posted: Tue Apr 21, 2015 4:26 pm
by gegeeee
100% agree on shady. +1