This is an addendum to my previous article on how an LC works..
If there is a requirement for an LC to be extended, for whatever reason, the seller has to contact the buyer who opened the LC and they will have to in turn contact the issuing bank with valid reasons for the extension..
This is a question one of the regular readers of the blog posed to me the other day.. As you might have read in my previous post https://shippingandfreightresource.com/2008/10/13/article-2-the-documents/ there are many types of bills of lading one would encounter.. While each of the bills have a different ending point, the general ending point would be as explained below.. Generally, when … Read more here..
This was a question from one the readers of the blog.. Its usually known as a back to back bill of lading rather than shipment as the shipment is actually the same but the documentation will be different.. Well, back to back bill of lading is when there is an NVOCC operator involved or when a Freight Forwarder wants to … Read more here..
This blog was started in October 2008.. From then it has been great being able to write on various topics/articles that i thought would be useful to the various readers.. I think it is time to get some feedback from the readers/subscribers about the blog with a view to improving the blog and make it more effective.. So here is … Read more here..
Removal Companies , are companies that assist people emigrating or immigrating to/from (example) South Africa with their shipping requirements.. Various removal companies also specialise in corporate relocations.. The services of removal companies include but not limited to :- door to door service packing and crating the cargo storing at a suitable facility negotiate the best rates with the shipping line … Read more here..
I think this is an interesting question and a topic that will have many views.. What is your criteria when you nominate or choose a shipping line to carry your cargo..?? There are many factors to this equation, like Price Service Accessibility E-Commerce Frequency etc etc etc etc It would be interesting to know from you how you decide.. And … Read more here..
This was a question one of the readers had.. Yes, it is a free blog.. Subscription to this blog is free.. This blog is aimed at enhancing the shipping knowledge to people who are in need of enhancing it and designed to impart knowledge about shipping and freight to those who are new to this industry.. This is also an … Read more here..