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...
Document Issued or Countersigned by the Applicant: What are the Risks?
What are the risks of a document which is to be issued, signed or countersigned by the applicant in a letter of credit transaction?
In...
Presentation – Letter of Credit Documents
Proforma Invoice
In international trade transactions, a proforma invoice is a trade document which states a commitment from the seller (exporter) to sell goods...
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,...
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...
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,...
How to Determine Date of Shipment on an Air Transport Document?
An air waybill is a document covering the carriage of goods by plane from one airport to another.
Date of shipment is one 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...
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...
What are the Differences Between MBL (Master Bill of Lading) and HBL (House Bill...
Understanding the differences between a master bill of lading and a house bill of lading in export and import transactions.
What Does a Master Bill...
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