One of the less obvious issues under ISBP 821 concerns the consignee shown on a certificate of origin when the letter of credit requires a bill of lading to be issued or endorsed to the order of the issuing bank. Does it matter if the bill of lading is originally issued to the order of the beneficiary and only later …

Intro: A recent LC case raised a dispute over alleged “conflicting information” between the consignee stated in a Certificate of Inspection and that shown in the bill of lading. The issuing bank cited UCP 600 Article 14(d) to justify refusal, while the beneficiary argued that ISBP 821 allows such differences under specific circumstances. Here’s Mr. Old Man’s take on whether …