It regularly happens that a cargo arrives before the bills of lading are in the buyer’s hands. The buyer will have received notification that the goods are ready for collection and that failure to collect will incur demurrage charges.

The buyer may ask its bank to issue a guarantee to the carrier, requesting the release of the goods and undertaking to reimburse the carrier if the carrier faces a loss as a result of releasing such cargo. If the bank accepts the risk of doing so, the bank’s customer/buyer will have to sign a counter‑indemnity agreeing to reimburse the bank if any claim is made against the bank. As security for issuing the guarantee, the buyer may be required to deposit cash collateral with the bank for the full period the indemnity is outstanding. The buyer will also undertake to deliver the bills of lading to the bank as and when they come to hand.


来自CITF2021 6.4.3 Missing bills of lading

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