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Master BL & HBL isssue

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Fri, 11/20/2015 - 07:56
mait00111
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Joined: 04/18/2014
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 Mariner’s will not issue any Carrier BL (MBL ) for X Buyer & ZZ shipment which will apply from next vessel sailing & for YY shipment MBL matter once get the connfirm from X, will  update us soon . Now the point is if they change BL clause in the LC that only HBL will issue & there will not issue any MBL then what will come to us (IF ANY PROBLEMS) as a Negotiating Bank.

THANKS N REGARDS

‹ Payment under Usance LC CAN ARTICLE 17 BE APPLIED TO AWB AND B/L? ›
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Fri, 11/20/2015 - 10:03
#1
phill doran
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Joined: 02/10/2009
"X" marks the spot...or not

Hello Mait (00111)

If I understand you correctly, the HBL will be for a single shipment also covered by an MBL, but the MBL will be consigned to another party, because the carrier will not issue the MBL in “X” name?

So: the party named on the MBL (or the holder of the MBL) will have control of the cargo and the HBL will be very ‘weak’ if you need to exercise control - for example if you wished to hold the cargo as security.

If you are not financing or discounting the credit you perhaps have no exposure, but if you are financing the deal in any way then bear in mind that you have no guarantee of title with a HBL.

Others may have interpreted you differently…

Cheers

phill
“...In the kingdom of the blind; what you see is what you get...”

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Tue, 12/08/2015 - 11:23
#2
mait00111
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Joined: 04/18/2014
Understandable

Thanks phill doran, sorry for late response allthough i read yr cmnt on the day u did.

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