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What is the difference b/w shipped on board and laden on board? ‎

what is the difference b/w shipped on board and laden on board?‎

What is a Red clause LC?‎

UCP 600 Payment Terms‎

What is the maximum time allowed for payment if documents submitted under sign L/C? Can we hold the documents till arrival of vessel for retirement?‎

 

Answer added by  Deleted user
10 years ago

The maximum time for payment of variable  According to a review of documents in place of the sender's bank or Recipient  But in the normal you can not exceed1 week a ... See More

 

Answer added by  Shafquate Mullick, Senior Manager, HDFC Bank Limited
7 years ago

Laden on board: Goods on boarded but ship is yet to sail. Shipped on board: Goods on boarded and the actual ship is sailing.

 

Answer added by  Deleted user
7 years ago

Laden on board means goods have been boarded but shipment is yet to happen,Whereas shipped on board means the actual shipment has been happened.

 

Answer added by  Duncan Robertson, Strategy Consultant, Duncan Robertson Consultancy
8 years ago

Laden on board means that the cargo has been put onto the the ship, and the ship is still in harbour. Shipping on board means that the cargo is on the ship and the ship h ... See More

 

Answer added by  Shahbaz aslam, Planning&Budget officer, Raasalam International
8 years ago

Under a ‘red clause’ credit the seller is able to obtain an advance from the correspondent advising bank prior to the presentation of the prescribed documents by the sel ... See More

 

Answer added by  Sohel Shams, Vice President, Meghna Bank Limited
9 years ago

Banker deals with the documents, not goods. So if  documents are okay as per LC, if there are no discrepancies, in that case, documents cannot be hold. If the LC is sight ... See More

 

Answer added by  Amila Cooray, Junior Executive II, SAMPATH BANK PLC
10 years ago

Within5 banking days