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L/C Calls For A Bill Of Landing Issued To The Order Of Issuing Bank
Posted: Sun Sep 27, 2015 1:41 pm
by etnie
.If a L/C calls for a bill of landing issued to the order of issuing bank. The presented BL shows that it was made out to the order of shipper and endorsed to the order or issuing bank. Is it acceptable or a discrepancy?
Acceptable
Posted: Sun Sep 27, 2015 10:49 pm
by picant
Hi Pal,
so endorsed is in effect to the order of issuing bank,
Other comments appreciated
Ciao
Posted: Tue Sep 29, 2015 1:25 pm
by etnie
hi picant
if as you say, the question :
A credit issued by Bank Iris, USA requires the B/L to be issued to the order of the issuing bank. Which of the following is acceptable?
I. B/L consigned to the order of Bank iris, USA
II. B/L consigned to Bank Iris, USA
III. B/L consigned to the order of shipper and endorsed by the shipper to the order of issuing bank
IV. B/L consigned to order and endorsed.
III. is acceptable?