Does Correction Of Endorsement Requires Authentication?

The forum is dedicated to all who deals with LCs. Please share your experiences, problems and opinions with us. You are requested to be confined to LC related issues only. Let us together discover the beauty of Letter of Credit. Thank and regards – admin; besttradesolution.com
Post Reply
User avatar
shahriar
Posts: 923
Joined: Fri May 16, 2008 1:03 am
First Name: Shahriar
Last Name: Masum
Organization: Mutual Trust Bank
Filter: Two Plus Two =: 4
Location: Bangladesh

Does Correction Of Endorsement Requires Authentication?

Post by shahriar » Wed Jul 02, 2008 8:54 pm

dear all,

today i received a BL. the BL is just ok. but on the reverse side there was an endorsement which has been covered with correction tape and a new one is placed. there is no correction stamp there. whats your opinion? the BL is to the order and shipper is the beneficiary. i accepted the BL with the logic that its to the order and therefore beneficiary is the owner. since it is the now the beneficiary that will make the endorsement, it can be corrected without any requirement of further authentication.
what will be your opinion if the BL is to the order of issuing bank?

regd

shahriar

Md.zakir Hossen
Posts: 129
Joined: Tue May 20, 2008 10:14 pm

Re: correction of endorsement

Post by Md.zakir Hossen » Fri Jul 04, 2008 12:33 pm

Dear Shariar,
Please inform me the issuing Bank requisition in the Credit about the endoesement of the B/L and the the way B/L endorse than I think I could share my opinion

Post Reply