Relationship between Consignee and Notify Party

Is there a relationship between consignee and notify party in a bill of lading..?? Simple enough question.. But the answer may not be as simple..

Read on to understand the various types of relationships between consignee and notify, whether contractual or not.. Continue Reading

Do banks verify if cargo is actually loaded on a ship..??

Do banks verify if cargo is actually loaded on a ship..??

Shippers who deal with documentary credit know that the term Shipped on Board carries quite a bit of weight and there is often a lot of discussions, disputes, rejections etc from the side of the bank if there is any discrepancy in the shipped on board clause or date or stamp or signature..

So one would naturally assume that the banks verify if the cargo covered in the bill of lading is actually loaded on board the ship or not.. Continue Reading

Test your knowledge – Bill of Lading

If you read the page that I have written about me and why I write this blog, you will see that one of the main reasons that I started this blog is to make shipping and freight less scary and easy for the newcomers to the industry and at the same time to share thoughts, views and opinions with others already in the industry..

One of the ways that I use to gauge the levels of knowledge is by throwing some questions from time to time and ask the readers for answers..

The last few tests were quite a while ago, so I decided to throw out another question as a test.. Continue Reading

Part Bill of Lading to the rescue..

When answering my last post Question regarding cargo under Letter of Credit, I mentioned that part bills could be a solution for two shipments in a same container where part of the cargo is covered by L/C and the other part is not..

However, there are several 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..

We will examine these criteria/requirements in this post.. Continue Reading

UPDATE to – Question regarding cargo under Letter of Credit

In my last post, I posed a question on behalf of a reader about the possibility of two cargoes being shipped under one bill of lading where one cargo is covered under Letter of Credit and other cargo is not..

Should the carrier issue two bills of lading..?? Or is mentioning in the same B/L the goods under L/C and goods that aren’t is enough..??

This post is an update where I have discussed the answer to the above question.. Continue Reading

Question regarding cargo under Letter of Credit

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 issue two bills of lading..?? Or is mentioning in the same B/L the goods under L/C and goods that aren’t is enough..?? Continue Reading