Category Archives: Letter of Credit

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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..

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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..

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What is a short form/blank back bill of lading..??

True to the nature of its business, the business of shipping and freight is a vast ocean covering many issues and areas which sometimes seems unfathomable..

A Bill of Lading is the most important document in this business and there are always several questions surrounding a bill of lading.. This article deals with one such type of bill of lading – Short form bill of lading..

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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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Why is it important to check the Vessel Sailing Date..??

Why is it important to check the Vessel Sailing Date..??

“In the context of International Freight Forwarding, why is it important to check the Vessel Sailing Date?” is a question asked by Clarisse..

This article answers the reason why it is important to check the vessel sailing date..

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Difference between Received for Shipment, Shipped on Board, Clean on Board & Clean Shipped on Board

Bills of lading generally bear the clauses Received for Shipment, Shipped on board and Clean on board..

In this article, you can read about the difference between these three clauses..

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