24 January 2004
The Dubai Chamber of Commerce and Industry - Business Policies and Legal Services Department in, held Round Table Discussions on Shipping Documents, in cooperation with Dubai Shipping Agents Association and Dubai International Arbitration centre.
The discussions aimed to examine and discuss issues on Uniform Customs and Practice for documentary Credits UCP - 500, issues concerning Marine/Ocean Bills of Lading and letters of credit, as well as Arbitartion being an alternative method for resolving Marine disputes.
The Director General of DCCI, Mr. Abdul Rahman Ghanim Al Mutaiwee who opened the discussions with a short speech, stressed on the importance of these issues on the agenda. The discussions were attended by Mr. Ahmed Abdul Rahman Al Banna, the Deputy Director, Mr. Salah M. Elamin, the acting Director of Business Policy and Legal Services Department, Dr. Hussam Talhuni, Director of the Dubai Arbitration Centre, and were chaired by Mr. Saadi Rais, the Director of Dubai Shipping Agents Association.
Some of the most important points discussed in the meeting were; Marine/Ocean Bills of Lading which are issued by the carrier or his agent when requested to by the shipper, as according to Article 257 of the U.A.E Maritime Law, the Marine Transport Contract is proved by a bill of Lading. They also discussed that the notation "Clean on Board" or "Clean Shipped on Board" will have to be indicated in the Bill of Lading, as the bill of Lading must indicate that the goods have been loaded on board, or shipped on a named vessel provided the Bill of Lading does not have the pre-printed wording that the goods have been loaded on board on named vessel or shipped on a named vessel.
Another point of discussion was the Bank's Shipping Guarantee. There is no provision in the UAE Maritime Law which deals with release of goods against Bank's Shipping Guarantee in the absence of original Bill of Lading. They discussed the reasons why shipping Guarantee issued by the Banks should not indicate value of the cargo for which delivery order is to be released by the shipping Agents. The last two points of discussion were; Switch Bills of Lading where a new Bill of Lading is issued to replace the original Bill of Lading previously issued when the shipment was affected from the port of loading, and the Sea Way Bill, which is used as an alternative to a negotiable Bill of Lading when all the facilities of a Bill of Lading are not required and when the owner of the goods does not wish to retain title to goods.
-Ends-
For further information, please contact:
PR & Media Department
Tel: 04 2028534
Fax: 04 2028553
The Dubai Chamber of Commerce and Industry - Business Policies and Legal Services Department in, held Round Table Discussions on Shipping Documents, in cooperation with Dubai Shipping Agents Association and Dubai International Arbitration centre.
The discussions aimed to examine and discuss issues on Uniform Customs and Practice for documentary Credits UCP - 500, issues concerning Marine/Ocean Bills of Lading and letters of credit, as well as Arbitartion being an alternative method for resolving Marine disputes.
The Director General of DCCI, Mr. Abdul Rahman Ghanim Al Mutaiwee who opened the discussions with a short speech, stressed on the importance of these issues on the agenda. The discussions were attended by Mr. Ahmed Abdul Rahman Al Banna, the Deputy Director, Mr. Salah M. Elamin, the acting Director of Business Policy and Legal Services Department, Dr. Hussam Talhuni, Director of the Dubai Arbitration Centre, and were chaired by Mr. Saadi Rais, the Director of Dubai Shipping Agents Association.
Some of the most important points discussed in the meeting were; Marine/Ocean Bills of Lading which are issued by the carrier or his agent when requested to by the shipper, as according to Article 257 of the U.A.E Maritime Law, the Marine Transport Contract is proved by a bill of Lading. They also discussed that the notation "Clean on Board" or "Clean Shipped on Board" will have to be indicated in the Bill of Lading, as the bill of Lading must indicate that the goods have been loaded on board, or shipped on a named vessel provided the Bill of Lading does not have the pre-printed wording that the goods have been loaded on board on named vessel or shipped on a named vessel.
Another point of discussion was the Bank's Shipping Guarantee. There is no provision in the UAE Maritime Law which deals with release of goods against Bank's Shipping Guarantee in the absence of original Bill of Lading. They discussed the reasons why shipping Guarantee issued by the Banks should not indicate value of the cargo for which delivery order is to be released by the shipping Agents. The last two points of discussion were; Switch Bills of Lading where a new Bill of Lading is issued to replace the original Bill of Lading previously issued when the shipment was affected from the port of loading, and the Sea Way Bill, which is used as an alternative to a negotiable Bill of Lading when all the facilities of a Bill of Lading are not required and when the owner of the goods does not wish to retain title to goods.
-Ends-
For further information, please contact:
PR & Media Department
Tel: 04 2028534
Fax: 04 2028553
© Press Release 2005
