Dear DC PRO colleauges, Appreciate your views on the following; The LC stated description of goods as "Whole Red Lentils". All the documents presented under the LC show description as "Whole Red Lentils". However the phytosanitary certificate show description as "Lentils Red...

Hi, I would do the following in such a situation, before resorting to legal course of action. A) Esclate the matter to highest authority of that bank, be it Chairman/MD of the bank, with all documentary evidence. (You have to do some research to get to the right person) If they are bothered about th...

Glenn. It is not comingling. I got the following information from one of the website. Co-loading shall mean the combination of cargo, in the import and export foreign commerce of the United States, by two or more NVOCCs for tendering to an ocean carrier under the name of one or more of the NVOCCs Ca...

Is a Bill of Lading which indicates that its issuer has tendered the cargo moving on this Bill of Lading for Co-Loading Services acceptable under an LC? What precautions should be taken while checking such a Bill of Lading?
Appreciate your feedback on above.

Thanks to both of you. I agree with you that it must be issued subject to one set of rules however we were given to understand that other banks are doing it hence the query.We refused to do it.

Thanks Smith. I understand that it can be issued subject to UCP or ISP and local laws and we do it all the time however can it be subject to both UCP and ISP.

Can a standby letter of credit be issued subject to ISP 98, UCP 600 and local laws? Has anyone ever issued such an instrument?

Appreciate comments from the members of this forum.

I request opinion from fellow members. A charter party bill of lading is signed by an agent (name is mentioned) for the vessel of the master (master's name is also mentioned) i.e. "ABC" agent for the vessel master "xyz" Two of the three bills of lading bear the stamp of issuer ho...

Thanks all. One thing we all agree on is that we should not transfer a credit that- in the transfer – did not specify all the documents required under the credit. I also gather that accepting documents for substitution (other than draft and invoice) from first beneficiary, which would make the prese...

Thanks Judith and Daniel for your replies.

Regards

Rajan