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Home Tag Archives: Freight notation

Tag Archives: Freight notation

CFR TERM, CHARTER PARTY BILLS OF LADING, AND FREIGHT NOTATIONS: DOES “FREIGHT PAYABLE” CREATE A PROBLEM?

By Mr Old Man
3 weeks ago
in :  Mr Old Man, Payment, Q&A
0
62

Lading (CPBL), and freight notations on the bill of lading. If a credit is issued under CFR terms, should the bill of lading necessarily indicate “Freight Prepaid”? And if the LC instead requires “Freight Payable as per Charter Party”, would that create a discrepancy or inconsistency with the stated Incoterm? This Q&A discusses the difference between documentary compliance under UCP …

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UCP 600 ARTICLES 30 AND 31

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Rupnarayan Bose: I fully agree with this view. What the UCP says is the minimum obligation of the...

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