Bill of Entry-IDPMS-Insuranxce

[JAYANTA BANDYOPADHYAY]

CIF shipment-Import. Vessel got sunk near Kolkata Port. As per foreign shipper's request, we had lodged insurance claim and Insurance co had settled the amount to us. Now while refunding the amount to Chinese Supplier ( as earlier we did not make any import payment to them), bank raises query- that there is no Billl of Entry and there will be a mismatch between IDPMS and BoE-Master. How to fix this

AI Summary

Bank Raises Concerns Over Missing Bill of Entry for CIF Shipment; Submit Insurance Claim and FIR to Resolve. A discussion forum participant raised a query regarding a CIF shipment import where the vessel sank near Kolkata Port. An insurance claim was lodged and settled, but when refunding the amount to the Chinese supplier, the bank raised concerns about the absence of a Bill of Entry, causing a mismatch in IDPMS records. The response advised submitting the insurance claim and FIR to the bank to resolve the issue in the IDPMS system.