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...
What does full set of bill of lading mean?

What Does Full Set of Bills of Lading Mean?

Under an ordinary letter of credit, the issuing bank demands a full set of clean shipped on board ocean bills of lading from 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,...

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 is a Freight Forwarder’s Bill of Lading?

What is a Freight Forwarder’s Bill of Lading?

A freight forwarder's bill of lading is a transport document which is issued by a freight forwarder. It is also known as a house bill...
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 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,...

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...

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...

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...
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