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Letter of Credit Documents

Amount of Cargo Insurance Coverage Example under an L/C Payment

The purpose of taking out insurance is to receive compensation in case the goods do not arrive or are damaged. Therefore, the policy holder must...

All Risks Insurance Policy Under L/C Payments

Letter of credit conditions must be clear and precise without leaving any room for ambiguity. In terms of insurance documents, the letter of credit must...

Blank Back Bill of Lading Not Acceptable

A Blank Back Bill of Lading, also known as Short Form Bill of Lading, is a type of transport document that does not include...

Short Form/Blank Back Bill of Lading

A bill of lading is a generic name of a transport document, which is used in sea shipments. As a transport document a bill of...

Shipper of a Bill of Lading

What Does the Shipper Mean? Shipper means a person that enters into a contract of carriage with a carrier. Shipper also known as consignor. In most cases...

What are the Differences Between Consignee and Shipper Fields of Bills of Lading?

Bill of lading is a transport document covering the carriage of goods by sea. Consignee means a person entitled to take delivery of the goods...

What Happens if Letter of Credit is Silent in Regards to the Period of...

Documents must be presented to the nominated banks within allowed time frame under letters of credit payments. Otherwise issuing banks or confirming banks raise late...

Stale Bill of Lading

According to the letter of credit rules a presentation consists of a transport document should be presented to the nominated bank within 21 days...

Letter of Credit Condition: Bill of Lading with Multiple Notify Party

Letter of credit, in a broad perspective, is one of the payment methods in international trade. Bill of lading is a transport document covering the...

What are the Differences Between Consignee and Notify Party Fields of Bills of Lading?

Bill of lading is a transport document covering the carriage of goods by sea. Consignee means a person entitled to take delivery of the goods...
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