House Bill of Lading

yenfongmoo · Post by **yenfongmoo** » Mon May 28, 2001 1:00 am

Is a house BL acceptable when the LC calls for a marine BL?

LeoCullen · Post by **LeoCullen** » Mon May 28, 2001 1:00 am

UCP says that "banks will, unless otherwise stipulated in the credit, accept a document, however named, which" .... complies with the credit and UCP 500.

So the presentation of a "House Bill of Lading" would be acceptable provided that, in all "other" regards, it complies with the credit and UCP.

larryBacon · Post by **larryBacon** » Mon May 28, 2001 1:00 am

There may not be enough information here to fully answer the question. For example, the house B/L may not be acceptable if the L/C called for a negotiable B/L.

Laurence A. J. Bacon

T.O.Lee · Post by **T.O.Lee** » Mon May 28, 2001 1:00 am

Unless the LC prohibits house BL, a house BL issued by a freight forwarder is acceptable if the forwarder signs as the carrier (whether as a contractual or as an actual carrier). There is nothing to do with negotiability of the BL. A house BL and a marine/ocean port-to-port BL can both be made negotiable. By "house" BL we mean those issued by a freight forwarder, the contractual carrier rather than the actual carrier, like a liner company.

I am from www.tolee.com

[edited 1/12/02 7:38:24 PM]