Blog Archive - 06/2015

Shipping Cargo: Do Banks Verify It?

Shipping Cargo: Do Banks Verify It?
Imy Clarke - On behalf of Alchemy Recruitment, June 30, 2015

It’s natural to assume that banks verify whether the cargo covered in the lading bill is actually loaded onto the ship since shippers dealing with documentary credit understand the importance of the term ‘shipped on board’. Yet, this is not the case.

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Categories: Policies, Shipping