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 endorsed OBL negates the other … Read more here..
As advised in one of my very first articles – Article 2 – The Documents – a Bill of Lading – abbreviated to read B/L is a document that serves as a document of title, evidence of a contract of carriage and an evidence for receipt of goods by the carrier.. This is issued by the shipping line after ascertaining and confirming that … Read more here..
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 for the shipper or consignee … Read more here..
This is an addendum to my previous article on how an LC works..
If there is a requirement for an LC to be extended, for whatever reason, the seller has to contact the buyer who opened the LC and they will have to in turn contact the issuing bank with valid reasons for the extension..
This is a question one of the regular readers of the blog posed to me the other day.. As you might have read in my previous post https://shippingandfreightresource.com/2008/10/13/article-2-the-documents/ there are many types of bills of lading one would encounter.. While each of the bills have a different ending point, the general ending point would be as explained below.. Generally, when … Read more here..