L/C Calls For A Bill Of Landing Issued To The Order Of Issuing Bank

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etnie
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L/C Calls For A Bill Of Landing Issued To The Order Of Issuing Bank

Post by etnie » Sun Sep 27, 2015 1:41 pm

.If a L/C calls for a bill of landing issued to the order of issuing bank. The presented BL shows that it was made out to the order of shipper and endorsed to the order or issuing bank. Is it acceptable or a discrepancy?

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picant
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Acceptable

Post by picant » Sun Sep 27, 2015 10:49 pm

Hi Pal,

so endorsed is in effect to the order of issuing bank,
Other comments appreciated
Ciao

etnie
Posts: 10
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Post by etnie » Tue Sep 29, 2015 1:25 pm

hi picant
if as you say, the question :
A credit issued by Bank Iris, USA requires the B/L to be issued to the order of the issuing bank. Which of the following is acceptable?







I. B/L consigned to the order of Bank iris, USA



II. B/L consigned to Bank Iris, USA



III. B/L consigned to the order of shipper and endorsed by the shipper to the order of issuing bank

IV. B/L consigned to order and endorsed.

III. is acceptable?

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