We have exported goods as per LC direction. We have submitted 3 OBL +Invoices+Packing lists in bank.Bank has dispatch the documents to buyer bank.
Buyer told us that we have to send one original BL to the destination of port of discharge,But we have already send all 3 OBL to bank and they have dispatched it to them. We have received the acceptance message for LC as well.
They goods are reached at destination port and demurrage has been started now our Buyer requesting asking that we should ask our shipping agent to send express release message to port of discharge for the release of goods.
Please suggest how we can ask the shipping company to send express message for the release of goods and what are terms?
Malik, whenever there is an LC involved, there will be a bank involved and invariably the Original Bill of Lading will be consigned To order of XYZ Bank.. Your role as a Shipper is to export the goods as per the contract, prepare the documentation as per the LC requirement and submit to the bank, which you have done in this case..
There is no limitation on number of original bills of lading issued.. In your case, 3 originals have been issued..
Irrespective of number of bills of lading issued, if a Negotiable bill of lading has been issued, upon surrender of 1 duly discharged original bill of lading to the shipping line/agent at destination in exchange for the good or delivery order, all other bills of lading issued will be considered null and void..
So in your case, all 3 originals have been sent to the bank, but your customer at destination is requesting for an Express Release message for the release of the goods.. As this shipment is covered by an LC and the bill of lading that is issued is a negotiable bill of lading, it is NOT POSSIBLE for the shipping line to issue an Express Release for the same.. The shipping line has fulfilled its obligation..
Its between the Issuing bank and Confirming bank to discuss between themselves the reasons for the delay in the release of the Original Bills of Lading and arrange for at least one of those originals to be surrendered to the shipping line/agent at destination for the release of the cargo..
Alternatively the bank that is holding up the processing or release of the Original Bill of Lading must issue a bank guarantee to the shipping line/agent at destination for the release of the cargo without production of Original Bill of Lading..