Ask the Community
Ask any professional question and get answers from other specialists.
what is the difference b/w shipped on board and laden on board?
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?
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
Laden on board: Goods on boarded but ship is yet to sail. Shipped on board: Goods on boarded and the actual ship is sailing.
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.
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
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
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
Within5 banking days