A Notify Party is one of the many parties involved in a shipment reflected in a Bill of Lading, forming an import part of the documentary process..
This article discusses the role of a Notify Party in a shipment and their importance.. Continue Reading
If multiple notify parties are used on the bill of lading for a shipment, do they have a different role and responsibility..?? Are they similar or different..?? And what is the reason for multiple notify parties..?? Continue Reading
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..??
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
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
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
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
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