Notify Party of a Bill of Lading
What Does Notify Party Mean?
Notify party means a person that should be notified by the carrier along with the consignee when the shipment arrives...
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,...
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...
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...
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...
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 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...
Freight Forwarder’s Bill of Lading Not Acceptable
Some issuing banks add an additional condition to the letters of credit they have issued, indicating that freight forwarder's bill of lading is not...
Clean on Board Notation on Bills of Lading
What is clean on board?
A clean transport document or a “clean on board” clause relates to the condition of the goods and/or packaging.
If, on...
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...
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