Better to file bill of entry before arrival of vessel, say expert

It is always desirable to file the bill of entry well before arrival of the vessel and get the assessment through

Q. Due to the Covid-19 outbreak, the consequent lockdown and disruption of business activities, we are thinking of surrendering the ocean bill of lading to the shipping company at the port of loading, and asking them to send a telex to their counterparts at the port of discharge to release the goods to the buyers. In that case, we will not be able to present the complete set of bill of lading to the banks under letter of credit. Is there any way out?

You can ask for an amendment to the letter of credit calling for non-negotiable seaway bill