Uncategorized WHERE A BILL OF LADING IS CONSIDERED TO BE A CHARTER PARTY BILL OF LADING By Mr Old Man Posted on May 21, 2010 2 min read 4 0 5,830 Share on Facebook Share on Twitter Share on Google+ Share on Reddit Share on Pinterest Share on Linkedin Share on Tumblr QUERY FROM JSHEEHAN Jsheehan – United States Posted 19 May 10 | An LC REQUIRES original Bs/L "marked freight payable as per Charter Party". The BL presented complies with the LC and with Article 22 but since the LC does not specifically state that charter party Bs/L are acceptable, a discrepancy is noted that "charter party BL presented".Is this a correct position? It seems to me that by requiring a BL marked "freight payable as per charter party" the LC is in fact requiring presentation of a CP BL. Comments are appreciated. Thanks —–COMMENTS N.H.Duc – Viet Nam Posted 20 May 10 | Hi, The inclusion in the bill of lading of “freight payable as per charter party” is an indication that the bill of lading was issued subject to a charter party (see R647/TA662rev). I agree with you that by requiring a bill of lading marked "freight payable as per charter party" the LC is in fact requiring presentation of a Charter Party Bill of Lading. Regards,N.H.Duc —- JSMITH – United Kingdom Posted 20 May 10 | Requiring a BL "marked freight payable as per Charter Party" can only mean that a CPBL has to be presented. Therefore, there is not a scintilla of merit in the 'discrepancy'. …
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?