Belgian owner Euronav’s emergence as the victor in a UK court battle with UniCredit over a misdelivered cargo claim has led to one leading commodities and shipping law firm questioning if this is the end of the bill of lading (BoL) as the security backbone of a trade finance structure.
BoLs have formed an integral part of the trade finance structure, according to Baldev Bhinder and Ramandeep Kaur of Singapore-based law firm Blackstone & Gold.
