Multimodal Bill of Lading Discrepancies

On this page you can find most common discrepancies under a multimodal bill of lading. 

Important Definitions Regarding the Multimodal Bill of Lading under Latest Letter of Credit Rules:

  • According to latest UCP 600 letter of credit rules a multimodal bill of lading should not bear any indication that it is subject to charter party
  • All original multimodal bills of lading printed by the carrier must be presented to the bank by the beneficiaries. 
  • It is hard to prevent a transhipment in a multimodal transportation as a result even letter of credit prohibits transhipment multimodal bill of lading can state ‘Transshipment may/will take place."
  • Multimodal bill of lading should be regarded as a negotiable transport document like a bill of lading if the last mode of shipment in the entire journey is completed by sea transportation.
  • More than one notify parties could be stated in a multimodal bill of lading.
  • ‘To Order’ or ‘To the order of shipper’ means that multimodal bill of lading should be endorsed by the shipper as per letter of credit instructions. 

letterofcredit.biz is your gateway to International Trade Finance World designed & developed by a Certified Documentary Credit Specialist.
Multimodal bill of lading or combined transport bill of lading is a transport document. Article 19 of UCP 600 governs multimodal bills of lading. It is a transport document that covers at least two different modes of transport. It is used with door-to-door shipments where a single transport document utilized. Multimodal transport operators (MTO) play significant role on multimodal shipments
Letter of Credit | About Us | Our Services | Contact | CDCS | Certified Documentary Credit Specialist |© 2009-2010 Letter of Credit Consultancy Services. All rights reserved. Best view with 1024 X 768 resolution. Privacy Policy |
Hi, my name is "Ozgur Eker" (CDCS). You can connect with me either via my contact form or Google Plus.