Multiple l/c negotiation under Single bl
Posted: Fri Oct 15, 2021 2:59 pm
I have a question.
Is it possible to submit one bl under multiple letter of credits?
Is it possible to submit one bl under multiple letter of credits?
Hi Pal,
In your case I will change the bill of lading in some delivery orders, representing each one the goods covered by each l/c.
Naturally delivery orders must be acceptable by l/c terms.
In trade exists the Commingled bill of lading, a charter party bill of lading for part cargo voyaging on the same vessel as per para G21 isbp 745.In this case the supply is covered by different l/c, the presentation will be correctly made to the issuing banks and cargo released in full.
Other comments appreciated
Ciao