There are multiple shipping companies working in the international trade,as well as in India, there are a practice followed by most of shipping lines While issuing delivery orders of their containers to consignees.
They demand bond on the 100 rs bond paper or company letter head in their specific format with insurance copy for said container, each line have different formats and procedures, they even demand security deposit some time.
Its very hard to understand that why there are different formats and procedures if all the lines are having and dealing in same procedures with same types of clients. And if they are following same governments rules then why different formats of undertaking bond instead of 1 uniform format and procedures for all shipping lines. It will do easy business from keeping different records and any mistakes.
Its also beyond the point that if They are taking insurance surety for containers before allowing them to consignee warehouse then what is need for security deposits and undertaking bond?
We think this is the time with the current scenario, where every one is changing and updating there old methods, these shipping companies too improvise with new rule of business models.
