Mr Old Man Payment Q&A BIIL OF LADING STATES ONLY ONE OF THE ORIGINALS IS SIGNED By Mr Old Man Posted on 2 weeks ago 1 min read 0 1 125 Share on Facebook Share on Twitter Share on Google+ Share on Reddit Share on Pinterest Share on Linkedin Share on Tumblr By Hoai river, Hoi An QUESTION Hi, The bill of lading states that only one of the originals is signed (see attached). Is the discrepancy valid? Best regards, B. Attached: —– ANSWER Hi, I find that the statement itself seems to be conflicting. Unsigned bills of lading are not considered originals. Therefore, if the LC requires 3/3 original bills of lading, presenting only one signed original is not in conformity with the LC. The discrepancy is valid. However, if 3/3 duly signed original bills of lading are presented as required, there is no discrepancy regardless of that statement. Note: The above question was discussed by experts on TSU forum and most of the experts have the same opinion as Mr. Old Man. Best regards, Mr. Old Man
IS THE NOMINATED BANK REQUIRED TO VERIFY WHETHER THE BENEFICIARY HAS AUTHORIZED THE PRESENTING BANK TO PRESENT THE DOCUMENTS?
CAN THE ISUING BANK CITE “LATE PRESENTATION” AS A DISCREPANCY SOLELY BASED ON THE DATE OF THE COVER LETTER?
IS THE NOMINATED BANK REQUIRED TO VERIFY WHETHER THE BENEFICIARY HAS AUTHORIZED THE PRESENTING BANK TO PRESENT THE DOCUMENTS?
CAN THE ISUING BANK CITE “LATE PRESENTATION” AS A DISCREPANCY SOLELY BASED ON THE DATE OF THE COVER LETTER?