ISBP Article 77 and 102 (UCP 600)
Posted: Thu Apr 03, 2008 1:00 am
Can i have your comments on the following query :
ISBP 77 & 102 states : if B/L is issued to order or to order of the shipper, it must be endorsed by the shipper. AN ENDORSEMENT INDICATING THAT IT IS MADE FOR OR ON BEHALF OF THE SHIPPER IS ACCEPTABLE. Does it mean that a third party other than the shipper endorse on behalf of the shipper is still acceptable ?
For example : The shipper is "ABC Co. Ltd". The endorsement either showing XYZ Ltd for ABC Co.Ltd or XYZ Ltd on behalf of ABC Co.Ltd. is acceptable .
Is there any ICC opinion on the above ?
Shahed
Toronto
ISBP 77 & 102 states : if B/L is issued to order or to order of the shipper, it must be endorsed by the shipper. AN ENDORSEMENT INDICATING THAT IT IS MADE FOR OR ON BEHALF OF THE SHIPPER IS ACCEPTABLE. Does it mean that a third party other than the shipper endorse on behalf of the shipper is still acceptable ?
For example : The shipper is "ABC Co. Ltd". The endorsement either showing XYZ Ltd for ABC Co.Ltd or XYZ Ltd on behalf of ABC Co.Ltd. is acceptable .
Is there any ICC opinion on the above ?
Shahed
Toronto