Uncategorized CONGENBILL BILL OF LADING TO BE USED WITH CHARTER PARTIES By Mr Old Man Posted on April 20, 2015 2 min read 0 0 5,370 Share on Facebook Share on Twitter Share on Google+ Share on Reddit Share on Pinterest Share on Linkedin Share on Tumblr Try your best! Only 500 meters left to the finish line. QUESTION Dear Mr. Old Man, LC requires presentation of ocean bill of lading. A bill of lading is presented showing as follows: ——– CODE NAME “CONGENBILL”. EDITION 1994 BILL OF LADING TO BE USED WITH CHARTER PARTIES ——— Can we raise the discrepancy “Congenbill presented I/O Ocean Bill of Lading”? Thank you in advance. Regards, TC ———– ANSWER Hi, It is recognized that a Congenbill would bears the heading “Bill of lading to be used with Charter Parties”. The presentation of a Congenbill bearing a heading as above is considered to be a Charter Party Bill of Lading, hence, it is not acceptable if the presentation of a Charter Party Bill of Lading is not expressly required or is not allowed in the LC. However, a Congenbill presented without reference to “to be used with Charter Parties” is not considered to be subject to a charter party, and is acceptable. Back to your case, it is clear that the bill of lading in question is a Charter Party Bill of Lading, the presentation of which is not required or allowed in the LC. Therefore, the correct discrepancy to be raised is “Charter Party Bill of Lading presented I/O Ocean Bill of Lading”. Kind 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?