consigned to issuing bank, delivery address..

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jim
Posts: 91
Joined: Fri Aug 15, 2008 11:58 am

consigned to issuing bank, delivery address..

Post by jim » Wed Apr 21, 2010 11:22 am

dear sir / madam
We have received a credit with the following clause;

Air waybill original for shipper no. 01 or 3 consigned to issuing bank, delivery address….(address of the applicant).

Is it possible to have different delivery address from the consignee address?

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picant
Posts: 2026
Joined: Wed Aug 20, 2008 1:49 pm

awb consigned to issuing bank

Post by picant » Wed Apr 21, 2010 8:12 pm

Hi Pal,

normally an l/c is calling for am AWB consigned to issuing bank, but goods have to reach the importer warehouse. So the bank will received an advice of goods arrival but, when all formalities are ok, the bank will give to the real consignee(sometime the notify) a release order to get the goods. AWB is issued with a "not negotiable" clause and cannot be considered as a document of title, the latter being a document that can be endorsed.
Other comments appreciated

Ciao

fionawang
Posts: 41
Joined: Sun Mar 29, 2009 5:18 am

Agree With

Post by fionawang » Thu Apr 22, 2010 2:45 pm

in case AWB is non-negociable and not doc. of title, i suggest that kind of AWB is acceptable.

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