Co-Loading

[AugustineArulnesan]

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.

[NigelHolt]

I have never come across the term ‘co-loading’ before. Having carried out a quick bit of internet ‘research’ I cannot see that, of itself, co-loading creates any form of discrepancy. Certainly I see no grounds for considering it as falling within the ambit of ISBP681 para 114.

[edited 2/14/2013 4:20:13 PM]

[GlennRansier_olsABN]

Sounds like a comingled shipment. There is an ICC opinion on it. Applicant must be able to obtain its cargo with only the transport document required in the LC.

[AugustineArulnesan]

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

Carrier participates in co-loading agreements on a carrier-to-carrier relationship. Carrier tendering cargo for co-loading shall notify shipper of such action by annotating each applicable bill of lading with the identity of any other NVOCC with which its cargo has been co-loaded.

And/or

Carrier participates in co-loading on a shipper/carrier relationship, meaning the receiving NVOCC issues a bill of lading to the tendering NVOCC for carriage of the co-loaded cargo. Carrier shall co-load cargo at its discretion and shall notify shipper of such action by annotating each applicable bill of lading with the identity of any other NVOCC with which its shipment has been co-loaded

[GlennRansier_olsABN]

Thanks Rajan. Based on the meaning provided it does not appear evident that the applicant will be prohibited from obtaining the cargo with the BL's provided to them by the NVOCC and as such should all other conditions of the transport document comply it should be acceptable under a LC.