Tag Archives: Original Bill of Lading

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Who should bear responsibility for loss of original bill of lading

Question from a reader..

Greetings Hariesh. I was just wondering, in a case whereby a plane say crashes or disappears, and having some OBLs being couriered, who would be responsible for doing the Letter of Indemnity to facilitate release of cargo?

Question from Lloyd BaMumu Taadira

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Story of a CIF contract and a Letter of Indemnity

This is the Story of a CIF contract and a Letter of Indemnity..

Seller is delivering CIF to Chinese port. The contract has an LOI provision if the original bill of lading should be lost..

The buyer’s bank refuses to make payment without original BOL and will not accept LOI..

What happens next..??

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Is there a limitation on the number of Original bills to be issued..??

A reader of this blog had asked a question as below : What is the limitation on 3 OBLs? Why 3….I’ve had customers request 5+ OBLs to be issued. When I said ‘no’….they asked why, and now I’m stumped. Not sure if this ties into the debate of properly endorsing the OBL….but if surrendering an […]

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What to do when the original bill of lading is lost..??

My Original bill of lading is lost………..!!!!!! A chilling sentence that creates panic in the hearts of many of the people involved in any international trade transaction involving an Original Bill of Lading.. Shipping documents do get lost in transit to consignee or the bank or elsewhere.. So is it the end of the world […]

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