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What if the shipment time is missed？
Jun 06, 2024|
View:92The phenomenon of overdue shipment is not uncommon, especially in the process of overseas transportation, some business personnel in order to achieve the consistency of documents, a letter of guarantee to request the shipping company to backsign the bill of lading for a few days, or even ten days. Late shipment brings great danger to safe collection of foreign exchange.
What's the effect of late shipment?
Overdue shipment is actually a breach of contract, which violates the contract/L/C stipulating the latest shipment date.
countersigning bills of lading after overdue shipment is considered commercial fraud.
Late shipment is also an important incentive to lead to the refusal of payment, especially in the overseas transportation, for the import broker is unacceptable, even one day of overdue backdated, it is likely to lead to the other party to refuse to pay for various reasons.
In the practice of export trade, the phenomenon of overdue shipment should be avoided as far as possible to reduce trade risks and ensure safe foreign exchange collection.
So for the inevitable delay caused by the production, transportation, inspection, customs clearance and other links that cannot be estimated, the better solution is to negotiate with the customer to postpone the shipment. If the relationship with the customer is strong, in the case of a short overdue time, you can issue a letter of guarantee for the shipping company to backsign the bill of lading.
In general, the offshore bill of lading backdated 12 days, ocean bill of lading backdated 15 days is acceptable.
How to ensure smooth delivery and safe collection?
We must have a certain grasp of the customer's reputation, market demand, quality of the goods and other aspects, on the contrary is not blind delivery.
In order to prevent late presentation (which according to the UCP500 clause must in any case be made within 21 days after loading), the shipping line may be negotiated to issue, prior to loading, a prospective bill of lading strictly in conformity with the terms of the L/C and against which the goods can be taken up at the port of destination. The bill of lading number, box seal number, ship name and voyage can be temporarily compiled.
It must be pointed out here that it is essential to produce a set of identical and consistent foreign exchange settlement documents on time.
After exchange settlement, a notice of bill of lading modification can be sent to the customer in the name of the shipping company, indicating the correct ship name, voyage, container seal number, bill of lading number, etc., so that the customer can pick up the goods in the first time.
Of course, due to the fact that the actual situation is very different, the solution to the problem of overdue delivery can not be the same. In practice, we should try our best to avoid the phenomenon of late shipment. After the occurrence of overdue, how to protect the rights and interests of both the supply and demand sides and secure the foreign exchange collection is what we must always pay attention to in the actual export business work.
