Uncategorized WHETHER THE NAME OF THE MASTER, THE OWNER OR THE CHARTERER MUST BE STATED ON THE CPBL By Mr Old Man Posted on April 4, 2013 1 min read 0 0 1,959 Share on Facebook Share on Twitter Share on Google+ Share on Reddit Share on Pinterest Share on Linkedin Share on Tumblr QUESTION Dear Mr. Old Man, I read UCP 600 and understand that an agent signing the charter party bill of lading for and on behalf of the owner or the charterer must indicate the name of the owner or the charterer.However, I am not sure if the master, the owner or the charterer signing the charter party bill of lading must indicate his name. Your clarification is appreciated. Best regards,NH—————- ANSWER Hi, It is agreed that an agent signing the charter party bill of lading for and on behalf of the owner or the charterer must indicate the name of the owner or the charterer. If the master signs the bill of lading, the signature of the master must be identified as "master". In this event, the name of the master need not be stated (See ISBP paragraph 94.b) Where the CPBL is signed by the owner or charterer, the name of the owner or charterer must be indicated on the CPBL. Best regards,Mr. Old Man
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?