Gard comments on several cases, that took place recently, that involve banks claiming for misdelivery of coal cargoes at Indian ports. The misdelivery has to do with the challenges that follow when a cargo is delivered without the production of the original bills of lading.
Specifically, according to Gard, the cargoes were loaded at different ports and were transferred to India during the first half of 2018.
When the cargoes arrived in India, they were sent to their receivers, without production of the original bills of lading and against letters of indemnity.]
[smlsubform prepend=”GET THE SAFETY4SEA IN YOUR INBOX!” showname=false emailtxt=”” emailholder=”Enter your email address” showsubmit=true submittxt=”Submit” jsthanks=false thankyou=”Thank you for subscribing to our mailing list”]
Moreover, the banks that were involved commented that they extended credit in order to buy the cargoes and that they are the ones to whom the original bills of lading belong.
The banks’ claims are equal to several million US Dollars in each case.
After the banks’ accusations, the claims have been presented and writs for the arrest of vessels have been filed with the Singapore Courts.
Gard highlights that the delivery of cargoes without the production of the original bills is a common phenomenon across a number of trades in the industry.
Finally, Gard advises that its members who are concerned that they may have carried one of the affected shipments, should contact their regular Gard claims handler.
