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Is it possible to submit 2 bills of lading under one letter of credit presentation?

Is It Possible to Submit 2 Sets Bills of Lading Under One Letter of...

Amer from Ajman (United Arab Emirates (UAE)) asks this question. I would like to thank him once again for this great question. Question: I have...

Is It Possible to Get Partial Payments When Making Partial Shipments?

Partial shipments, partial drawings and partial payments are very closely related terms in letters of credit transactions. A beneficiary can make partial shipments, if the...
Partial Drawings and Partial Shipments

Partial Drawings and Partial Shipments: What is the Difference?

Partial shipment and partial drawing terms are usually used with the same meaning in export and import transactions. But this is not necessarily the case...
consequences-of-not-allowing-partial-shipment

What are the Consequences of not Allowing Partial Shipments?

Normally the letter of credit rules allow partial shipments. UCP 600 Article 31 states that partial drawings or shipments are allowed. If an applicant does not...
partial shipment and transshipment

Comparison Between the Partial Shipment and Transshipment

Definition of Transshipment: Transhipment means unloading from one means of conveyance and reloading to another means of conveyance during the carriage as enrouted in...
Partial Shipment

What is a Partial Shipment?

On this post, I would like to explain partial shipments in letters of credit. You can find detailed explanations regarding the definition and conditions of...
Means-of-Conveyance-and-Mode-of-Transport

Means of Conveyance and Mode of Transport

Modes of Transport is a term used to distinguish substantially different ways to perform transport. The most frequently used modes of transport in international trade...
partial shipment discrepancy

Partial Shipment Discrepancy

The importer and exporter should determine, when signing the sales contract, to allow or prohibit partial shipments. Partial shipment can be defined as shipping the...
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