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Transport Document To Ask For When The LC Term Is EXW
Posted: Fri Oct 28, 2016 3:41 pm
by Manex
Hi,
A client is opening a L/C in EXW terms and he is arrenging transport by truck...
Wich documents may be asked?
Regards,
Very difficult to say......
Posted: Sun Oct 30, 2016 11:23 pm
by picant
Hi Pal,
I dare say that a consignment note issued by truck driver will suffice, but issuing bank, in this case is no more controlling the goods. In Europe we hace a Truck waybill called CMR, issued by carrier that partially allow banks to control the goods specially if the document is consiged to the issuing bank, with goods addressed to a carrier 's warehouse, for further delivery to the applicant.
Other comments appreciated
Ciao
EXW
Posted: Thu Nov 03, 2016 3:06 am
by abrar
If the terms are EXW, the beneficiary would not likely be required to provide any evidence of transport because this should be the applicant's responsibility. In practice the appropriate document required to be presented should be some form of evidence of taking over such as an FCR.