Shipper and beneficiary of funds

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  • #93677

    chempure1965
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    In the B/L Shipper column, There are two Companies. One is the Company which arranges the shipment despatch and the other is the owner who is mentioned as “care of”

    Who is the legal Beneficiary of funds?

    #93710

    Hi Chempure19, firstly it is incorrect that the bill has two shippers on it.. It does not make commercial sense to have 2 shippers on the bill as there will be no accountability or proof of ownership..

    Also, generally the monies are not paid to the shipper based on bill of lading.. It is paid based on Commercial Invoice.. So the entity that raised the commercial invoice would be the legal beneficiary of funds..

    Anyone else has any other thoughts, pls share..

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