Log shipment
Posted: Thu Nov 01, 2001 12:00 am
I would be grateful to receive your comments & advice on this credit I received: -
The credit covers the shipment of Indonesian round logs from Nunukan,Indonesia to Sandakan, Malaysia calling for marine bills of lading.
It has the following requirements:
1 When complete loading, photo must be taken & certificate to this effect is required.
2. Shipment by barge towed by tug-boat acceptable.
3. Inspection certificate issued & signed by the buyer's representative certifying that he has inspected the
goods & found them in good order & condition.
No further relevant details are furnished.
How does one evidence compliance to the above requirements e.g
1. How is the photo to be taken & what must the photo show?
2. Could the certificate for 1 be issued by the Beneficiary himself since the credit is silent on this?
3. What must the certificate for 1 above certify?
4. If shipment is by barge, is a marine BL still required & how would it be drawn up to show it is towed by a tug-boat?
5. Since the buyer's rep is not disclosed to us, are we right to accept an inspection cert purportedly signed by someone for the buyer?
The above credit was issued by a premier bank here & we would appreciate yr advice.
Thank you.
The credit covers the shipment of Indonesian round logs from Nunukan,Indonesia to Sandakan, Malaysia calling for marine bills of lading.
It has the following requirements:
1 When complete loading, photo must be taken & certificate to this effect is required.
2. Shipment by barge towed by tug-boat acceptable.
3. Inspection certificate issued & signed by the buyer's representative certifying that he has inspected the
goods & found them in good order & condition.
No further relevant details are furnished.
How does one evidence compliance to the above requirements e.g
1. How is the photo to be taken & what must the photo show?
2. Could the certificate for 1 be issued by the Beneficiary himself since the credit is silent on this?
3. What must the certificate for 1 above certify?
4. If shipment is by barge, is a marine BL still required & how would it be drawn up to show it is towed by a tug-boat?
5. Since the buyer's rep is not disclosed to us, are we right to accept an inspection cert purportedly signed by someone for the buyer?
The above credit was issued by a premier bank here & we would appreciate yr advice.
Thank you.