This post is an update to my previous post of a Question regarding cargo under Letter of Credit..
John Alan, has below question regarding cargo under Letter of Credit..
Hi there, I would like to submit a doubt I have:
what happens if the exporter would like to send in the same container goods covered by L/C in addition to some other goods.
Should the carrier issues two bill of lading, or mentioning in the same B/L the goods under L/C and goods that aren’t is enough?
What can you advise John..??
My view is as below :
A very interesting question indeed, John Alan, although I personally haven’t come across a situation as above..
As described in Part 1 of my multi-part article about Parts of a Bill of Lading, the Consignee is a key entity in the shipping chain and is the person or company that is legally allowed to receive the cargo..
- To Order
- To Order of Shipper
- To Order of XYZ Bank
2) If the shipment is NOT covered under a L/C, it might invariably be a Straight Bill of Lading, in which case it will be consigned directly to a company or person and which is therefore not negotiable..
As there can only be 1 consignee on a bill of lading the answer to the above question is NO, one bill of lading cannot be issued for two cargoes in the same container, where one is covered under an L/C and the other is not covered under an L/C..
So, is there no solution to above..??
There could be 1 solution and that is the issuance of Part Bills of Lading.. However, there are some criteria/requirement in order for the carrier to be able to issue Part Bills of Lading and for the customer to accept Part Bills of Lading for this particular scenario..
I will discuss about this in the next article..