Can a Beneficiary Be the Charterer Under FOB? Intro FOB is one of the most familiar trade terms in Incoterms® 2020. By the book, it’s always the buyer who arranges and pays for the vessel. But trade practice often colors outside the lines. A reader recently asked whether it’s possible for the beneficiary (seller) to be the charterer under an FOB sale. Let’s unpack this scenario. _________ Question … Read More
When the LC beneficiary is a “sister company” in Singapore: How can Bank V remain the presenting bank?
When a Shipping Line Requests a General Average Deposit – What Documents Should the Bank Require for the Transfer?
When the LC beneficiary is a “sister company” in Singapore: How can Bank V remain the presenting bank?
When a Shipping Line Requests a General Average Deposit – What Documents Should the Bank Require for the Transfer?