The B/L is issued: "To order of Bank X" (the issuing bank). The Cof O in the box consignee states only:
"To order". In my opinion it is Ok but not evebody agrees. ??
Regards
Daniel
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EricLONGEPIERRE
- Posts: 12
- Joined: Fri Apr 05, 2019 5:17 pm
order
ISBP
184. Consignee information, if shown, must not be in conflict with the consignee information in the transport document. However, if a credit requires a transport document to be issued "to order", "to the order of shipper", "to order of the issuing bank" or "consigned to the issuing bank", the certificate of origin may show the applicant of the credit, or another party named therein, as consignee. If a credit has been transferred, the name of the first beneficiary as consignee would also be acceptable.
In this case, consignee info. is not mentioned so, no inconsisteny of data with other documents.
184. Consignee information, if shown, must not be in conflict with the consignee information in the transport document. However, if a credit requires a transport document to be issued "to order", "to the order of shipper", "to order of the issuing bank" or "consigned to the issuing bank", the certificate of origin may show the applicant of the credit, or another party named therein, as consignee. If a credit has been transferred, the name of the first beneficiary as consignee would also be acceptable.
In this case, consignee info. is not mentioned so, no inconsisteny of data with other documents.
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HOANGTHIANHTHU_invalid
- Posts: 189
- Joined: Fri Apr 05, 2019 5:15 pm
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Dear Daniel,
ISBP Revision Draft 4 paragraph K5 says: If a credit requires a transport document to be issued “to order”, “to the order of shipper”, “to the order of the issuing bank” or “consigned to the issuing bank”, a certificate of origin may show the consignee as ANY PARTY NAMED IN THE CREDIT.
Please also refer to ISBP 681 paragraph 184 which allows to a certificate of origin to show another party named therein (i.e., named in the credit), as consignee.
In your described case, “to order” is not the party named in the credit, hence, the certificate is discrepant.
Best regards,
N.H.Duc
ISBP Revision Draft 4 paragraph K5 says: If a credit requires a transport document to be issued “to order”, “to the order of shipper”, “to the order of the issuing bank” or “consigned to the issuing bank”, a certificate of origin may show the consignee as ANY PARTY NAMED IN THE CREDIT.
Please also refer to ISBP 681 paragraph 184 which allows to a certificate of origin to show another party named therein (i.e., named in the credit), as consignee.
In your described case, “to order” is not the party named in the credit, hence, the certificate is discrepant.
Best regards,
N.H.Duc
order
I share your view Daniel. A c/o does not have to show a consignee/buyer etc and I do not see any data conflict.