WHAT IS MOTHER B/L AND DAUGHTER B/L IN OIL LCs?
Posted: Sat Aug 15, 2009 5:21 am
Dear all
often time as issuing bank we establish lc for importers importing refined petroleum products. upon presentation of document we often require that the mother b/l is presented to authenticate the original port of loading as document presented often indicate port of loading as e.g ''offshore Cotonou'' as against country of supply being e.g Neitherland
my challenge has always been accepting the Terms : ''MOTHER B/L AND DAUGHTER B/L'' as internationally accepted terms in the explication of the above scenario. does anyone has similar experience?
Orunmila
often time as issuing bank we establish lc for importers importing refined petroleum products. upon presentation of document we often require that the mother b/l is presented to authenticate the original port of loading as document presented often indicate port of loading as e.g ''offshore Cotonou'' as against country of supply being e.g Neitherland
my challenge has always been accepting the Terms : ''MOTHER B/L AND DAUGHTER B/L'' as internationally accepted terms in the explication of the above scenario. does anyone has similar experience?
Orunmila