Back to home Help Contact Us Register with us Login Home

 

Credit Finance
Trade Finance

Letters of Credit

Benefits
Key Stages

Glossary

Incoterms 2000

Documents
Credit Insurance
Export Finance
Factoring
Forfaiting
Import Finance
Invoice Discounting
Merchant Finance
Open Account Funding
Post-Shipment Finance
Pre-Shipment Finance
Purchase Order Finance
Stock Finance
Supplier Finance
wwcb2b.com
Letters Of Credit Funding
Bill of Lading

An example of a Bill of Lading in PDF format*

A Bill of Lading is a receipt given by the shipping company upon shipment of the goods and is evidence of a contract of carriage. It is a document of title to the goods, and as such is required to enable them to clear the goods at the port of destination.

Two or three signed sets of the original copies of the Bill of Lading are usually made out. These are known as 'negotiable copies', any one of which can give title to the goods. Unsigned, non-negotiable copies also exist, which are not documents of title, but are used for record purposes.

The goods will only be released to Consignee. Normally Bills of Lading are made out to order, unless the documents are made out to the Importer as the Consignee of the goods.

Types of Bills of Lading:

  • 'Shipped' or 'Shipped on board'. (Indicates that the goods have been received on ship).
  • 'Received for shipment'. (Signifies that the ship owner has taken delivery of the goods, but they have not been placed on board the vessel).
  • 'Combined Transport'. (Issued to cover all stages of the journey if both ocean and overland transport is used).

The LC will specify which of the above types of Bill of Lading is required.


*Adobe.com will allow you access to PDF files.

 
 
   

Copyright 2001 -  2018
 Worldwide Company Corporate Finance Brokers All Rights Reserved, 
Privacy Policy