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Notify party in Bill of Lading

Tue, 11/17/2009 - 21:42 — KHRATHA

Dear experts Bill of lading made out to the order of ABC Bank and Notify CDE. My question are:1. Can ABC Bank endorses to  XYZ as per CDE requested?2. If the bank endorses to CDE , can CDE endorses to XYZ ? 3. Can notify party in bill of lading leaves in blank? I very much appreciate your comment. Regards Khratha 

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Thu, 11/19/2009 - 06:55 — Raj

ADDITIONAL NOTIFY PARTY DETAILS IN BL

answer to all your three questions are YES

Raj Nair

971502194175

Wed, 11/18/2009 - 02:17 — Abrar

Notify party

1. ABC Bank is the designated 'to order' consignee, and unless prior arrangement has been agreed between ABC and CDE, the bank may endorse the B/Ls to any party. It does not necessarily require the 'notify party's' consent to do so.

2. ABC Bank must in this case, ensure that it endorses the B/Ls in negotiable form 'to order of' and not simply 'to' CDE. CDE would then be able to endorse 'to' or 'to order of' XYZ.

3. Unless the LC indicates a 'notify party', the relevant box may be left blank, or completed with details of any party. Para. 103 of ISBP refers.