Consignee of a Bill of Lading

What Does Consignee Mean? Consignee means a person entitled to delivery of the goods under a contract of carriage indicated on a bill of lading. Consignee...

How to Complete a Bill of Lading under a Letter of Credit Payment?

Bill of lading is a transport document covering the carriage of goods by sea. Letters of credit rules define 4 different types of bills of...
Shipper, Consignee, Notify Party and Carrier

Parties on a Bill of Lading: Shipper, Consignee, Notify Party and Carrier

Bill of lading is a transport document covering the carriage of goods by sea. It is possible to find four different parties on a typical...
How to determine date of shipment on a Multimodal Bill of Lading?

How to Determine Date of Shipment on a Multimodal Bill of Lading?

Date of shipment is one of the key definitions in a letter of credit transaction. It is used to determine whether shipment made on...
To Order and Blank Endorsed Bill of Lading

To Order and Blank Endorsed Bill of Lading

Bill of lading, which is a transport document used in international trade, is an authentic receipt delivered by a carrier, confirming that the goods...
bill of lading title. ocean or marine bill of lading

Importance of Bill of Lading Title: Ocean or Marine Bill of Lading

Issuing banks often require an ocean bill of lading or a marine bill of lading under letters of credit as a transport document. The question...
Made Out to the Order of

What Does “Made Out to the Order of” Mean in a Bill of Lading?

Majority of the letters of credits are asking for a bill of lading which must be issued made out to the order of the...
What are the Differences Between a Bill of Lading and a Charter Party Bill of Lading?

What are the Differences Between a Bill of Lading and a Charter Party Bill...

Under the current letter of credit rules and international standard banking practices, if a letter of credit calls for a marine bill of lading,...
congenbill

What is Congenbill Bill of Lading?

Congenbill is a type of charter party bill of lading which is widely used in international transportation. Congenbill 2007 is the latest version of standard...
How to Determine Maturity Date if Letter of Credit States That Tenor of the L/C is 60 Days After Bill of Lading Issue Date?

How to Determine Maturity Date if Letter of Credit States That Tenor of the...

Maturity date is a term related to a time draft. A time draft is a form of payment that is guaranteed by an issuing bank,...
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