Handling Surrendered Bills of Lading and Electronic Document Transmission under a Documentary Credit The following question concerns an amendment request to accept surrendered bills of lading and scanned documents under a documentary credit, prompted by the suspension of courier services. It raises some practical considerations for issuing banks regarding document handling and control over the goods. QUESTION Hi, Hope everything goes well with you. We received the following amendment requests from the applicant: … Read More
Is Article 20 Applicable to a Surrendered Bill of Lading? Introduction: In trade finance, especially under letters of credit, questions often arise around the treatment of surrendered bills of lading—particularly when only a copy is presented. One common point of confusion is whether such documents fall under UCP 600 Article 20, which governs bills of lading. In this Q&A, we clarify whether Article 20 applies to surrendered bills of lading, … Read More
COMMENTS ON DRAFT OPINION (TA949) RELATING TO SURRENDERED BILL OF LADING PRESENTED UNDER LC GÓP Ý DỰ THẢO Ý KIẾN (TA949) LIÊN QUAN ĐẾN SURRENDERED BILL OF LADING XUẤT TRÌNH THEO LC Ngày 17/02/2025 tại Dubai, Ủy ban Ngân hàng ICC (ICC Banking Commission) đã họp để thảo luận Dự thảo Ý kiến TA949 (Draft Opinion TA949) liên quan đến “surrendered bill of lading”¹ (vận đơn đã giao nộp/vận đơn điện giao hàng). Kim … Read More
SURRENDERED BILL OF LADING QUERY FROM LINH DAN Thank you for answering my rather… annoying question the other day! I have another question. Recently, a customer submitted documents for payment by TTR, but the B/L was neither an original nor marked as a copy. On the B/L, there was also a note stating: “NO ORIGINAL B/L ISSUED. ORIGINAL B/L SURRENDERED IN SINGAPORE.” I don’t … Read More