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order
Posted: Mon Sep 24, 2012 1:00 am
by DanielD
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
order
Posted: Mon Sep 24, 2012 1:00 am
by EricLONGEPIERRE
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.
order
Posted: Mon Sep 24, 2012 1:00 am
by HOANGTHIANHTHU_invalid
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
order
Posted: Mon Sep 24, 2012 1:00 am
by NigelHolt
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.
order
Posted: Mon Oct 01, 2012 1:00 am
by DanielD
Thanks to all
Daniel