DCCI holds discussions on shipping documents

The aim was to examine and discuss the Uniform Customs and Practice for documentary credits UCP - 500, the Marine/Ocean Bills of Lading, letters of credit, and 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. 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.

Other points of discussions were the Bank's Shipping Guarantee, Switch Bills of Lading and the Sea Way Bill.