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Want to understand how the Bank Payment Obligation works and what is involved?

14/11/2018 A document has been added to the Members Information section of the website (under 'The SWIFT Trade Services Utility (TSU) and the Bank Payment Obligation (BPO) section) and provides an excellent overview of the BPO - how it works, whom is involved, what is needed to be able to offer or use the product.

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The credit calls for a copy of the bill of lading and has a clause stating that it is to evidence shipment date only and no other discrepancy to be raised. The presented copy is a pre-printed on board bill of lading which has a date of issue. Can we consider this date as the date of shipment as required by the clause or does the document need to specifically state separately the date of shipment?

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Want to understand how the Bank Payment Obligation works and what is involved?

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