Inconsistency in the bill of lading; wrong container number
Posted: Fri Nov 05, 2010 12:00 am
At the top of a Bill of Lading it shows 5 X 40' bulk in Container and at the bottom of the bill of lading its says T/S and underneath T/S it says D20.
Issuing bank refused to pay to the negotiating bank stating inconsistency in the bill of lading; 40 ' at the top and 20' at the bottom.
On enquiry, the negotiating bank came to know that T/S stands for Type/Size and D20 is Dry 20' Container.
Do you think it is the responsibility of the banks to find out from the shipping company the meaning of T/S and D20 before negotiating the documents ?
Do you think the discrepancy pointed out by the issuing bank is valid ?
Any ICC opinion with respect to above ?
Shall appreciate your valuable comments on this matter.
Regards,
Shahed
Issuing bank refused to pay to the negotiating bank stating inconsistency in the bill of lading; 40 ' at the top and 20' at the bottom.
On enquiry, the negotiating bank came to know that T/S stands for Type/Size and D20 is Dry 20' Container.
Do you think it is the responsibility of the banks to find out from the shipping company the meaning of T/S and D20 before negotiating the documents ?
Do you think the discrepancy pointed out by the issuing bank is valid ?
Any ICC opinion with respect to above ?
Shall appreciate your valuable comments on this matter.
Regards,
Shahed