Dear Experts
BL made to the order of "XYZ Bank, P Branch" but BL endorsed by "XYZ Bank, Q Branch"
is it possible and how?
Regards
Khurshed
Bill Of Lading Is Endorsed By Different Branch
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Khurshed
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sayed
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Endorsement not possible
As per UCP-600 sub-article-3
‘Branches of a bank in different counties are considered to be separate banks.’
As consignee of BL as shown such as-
To the order of XYZ Bank, P branch
Then, on one can endorse without XYZ Bank, P branch
On the other hand,
BL shows to the order of XYZ Bank
Then, one of XYZ bank branch can endorse.
Regards
Md. Saidul Islam
EXIM Bank, Dhaka.
‘Branches of a bank in different counties are considered to be separate banks.’
As consignee of BL as shown such as-
To the order of XYZ Bank, P branch
Then, on one can endorse without XYZ Bank, P branch
On the other hand,
BL shows to the order of XYZ Bank
Then, one of XYZ bank branch can endorse.
Regards
Md. Saidul Islam
EXIM Bank, Dhaka.
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realkisser
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Endorsement of B/L
Hi
NO it can't be possible.
Only XYZ Bank, P Branch can endorse the B/L.
Thanks & Regards
NO it can't be possible.
Only XYZ Bank, P Branch can endorse the B/L.
Thanks & Regards
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Veerla
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- Last Name: Veer
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BoL
Unless the BoL issued "To Order of XYZ, P Branch" there's no bar on Q Branch endorsing BoL.
To recap. Goods are not directly consigned to the Applicant because the Issuing Bank has commitment to pay the Nominated/Negotiating/Confirming Bank, therefore goods are meant to be delivered to the order of the Issuing Bank. Not certain how Q Branch comes in to the picture but there's no bar (Unless ICC issued in its Opinions anything against it).
Different Branches of a Bank in different countries is a different Rule in the different context (of liability, Rules that govern the Bank, National/Applicable Laws etc.,).
Appreciate critical views.
To recap. Goods are not directly consigned to the Applicant because the Issuing Bank has commitment to pay the Nominated/Negotiating/Confirming Bank, therefore goods are meant to be delivered to the order of the Issuing Bank. Not certain how Q Branch comes in to the picture but there's no bar (Unless ICC issued in its Opinions anything against it).
Different Branches of a Bank in different countries is a different Rule in the different context (of liability, Rules that govern the Bank, National/Applicable Laws etc.,).
Appreciate critical views.