What is the different between "presentation" and "surrender"? Thank you!
It's in a Letter of Credit:
BELL OF LADING INDICATING THAT THE CARRIER OR ITS AGENTS MAY RELEASE GOODS UNDER THE SAME WITHOUT PRESENTATION/SURRENDER IS NOT ACCEPTABLE.should be "difference"
Sorry, made a mistake, answer the question before reading your content. :(
And, I googled the content, and it seems: Presentation: send the Original BL.
Surrender: telex release
The whole sentence: 显示不提交/交出正本提单而承运人或其代理就可以释放同一提单下的货物,这样的提单是不可接受的。
30 กรกฎาคม 2014
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presentation: give a statement. It is an act.
Surrender: give up to someone or something. More like an attitude.
30 กรกฎาคม 2014
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It's pretty confusing! I'm not entirely sure what they are referring to, but whatever it is you aren't supposed to show it to someone (present) or give it to them (surrender).