Presentation – Top 10 Letter of Credit Discrepancies

Most frequently seen letter of credit discrepancies...

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14. Most Common Discrepancy 7: Carrier not defined on the bill of lading / bill of lading signed by Improper Authority

  • UCP 600 Article 20 indicates that :

A bill of lading, however named, must appear to:

i. indicate the name of the carrier and be signed by:

– the carrier or a named agent for or on behalf of the carrier, or
– the master or a named agent for or on behalf of the master.

  • Any signature by the carrier, master or agent must be identified as that of the carrier, master or agent.
  • Any signature by an agent must indicate whether the agent has signed
    for or on behalf of the carrier or for or on behalf of the master.
Carrier not defined on the bill of lading