Express bills of lading
Posted: Mon Jul 01, 2013 1:00 am
Dear DC-Pro Subscriber,
We see credits requiring ‘express bills of lading’. Do you think such a document falls within Article 20 or 21 (assuming port-to-port shipment only is stipulated)?
I ask as while there is no material difference between the two articles, there is in the isbp documented in ISBP745. (Unsurprisingly there is no equivalent of E13(a) in section F and E13(B) and F11(b) say diametrically opposite things.)
If it is Article 21, one then has to ask what position to take if the credit stipulates the EBL must be made out to order and blank endorsed (as is often the case). Would it be the same as if this requirement were stated with respect to any other non-negotiable document, such as air transport document? Or would one regard this as prima facie evidence that a ‘negotiable’ BL was required and thus Article 20 must apply?
I look forward to hearing from you and thank you in advance for your kind response.
Regards, JS
[edited 7/1/2013 4:33:12 PM]
We see credits requiring ‘express bills of lading’. Do you think such a document falls within Article 20 or 21 (assuming port-to-port shipment only is stipulated)?
I ask as while there is no material difference between the two articles, there is in the isbp documented in ISBP745. (Unsurprisingly there is no equivalent of E13(a) in section F and E13(B) and F11(b) say diametrically opposite things.)
If it is Article 21, one then has to ask what position to take if the credit stipulates the EBL must be made out to order and blank endorsed (as is often the case). Would it be the same as if this requirement were stated with respect to any other non-negotiable document, such as air transport document? Or would one regard this as prima facie evidence that a ‘negotiable’ BL was required and thus Article 20 must apply?
I look forward to hearing from you and thank you in advance for your kind response.
Regards, JS
[edited 7/1/2013 4:33:12 PM]