Surrender of Bill of Lading Some facts
Wednesday, January 04, 2017     Category : Bill of Lading

 The information provided here is part of Export import business Course online

 

How to surrender Original Bill of Lading?

 

Procedures to surrender Bill of Lading

 

What does the term ‘surrender of Bill of lading’ mean? How to surrender original BL? Why is there no original bill of lading along with import shipping documents? What is the advantage of surrendering original bill of lading?

 

surrender of bill of lading some facts

If a shipment is not under the terms ‘Documents against Payments’ or under Letter of credit,  most of shippers do not send original bill of lading to buyer but surrender original bill of lading after releasing with carrier. Surrendering procedures of bill of lading simplifies the mechanism of transportation procedures.

 

Once after completion of export customs formalities, the shipper hands over cargo to carrier to move final destination.  After receiving cargo by carrier, bill of lading is released after collecting necessary charges if any from shipper.

 

 

 

If the shipper wants to surrender original bill of lading, he can submit all originals with a request letter   to the carrier of goods with necessary  OBL surrender charges if any. Once after receiving original Bills of lading which carries normally three originals but in some cases five, the carrier arranges to send a message to his counter part at destination port stating that OBL surrendered at origin port and the consignee may not be insisted to produce original bill of lading at the time of delivery of cargo.  So the carrier at load port advises his office at destination port to release goods to consignee without original bill of lading.   A copy of such message is sent to the shipper also as a proof of surrendering OBL.

 

Shipper in turn, sends across the said release message copy to his buyer for smooth delivery of goods without insisting for Original Bill of Lading.   The consignee at destination port takes delivery of goods by obtaining delivery order from carrier after verifying the identity of consignee.   Also read -  Can bill of Lading be surrendered at port of loading?    Can Bill of Lading be surrendered on LC terms?    Can Original Bill of lading be surrendered under DP terms of payment?     Can Original Bill of lading be surrendered under LC at sight?  

 

Have you satisfied with this article about ‘surrender of original bill of lading’?

 

Would you like to share your experience about surrender of original bill of lading under sea shipments of imports and exports?

 

The above information is a part of Online international business guide course

 

When can an exporter get bill of lading from shipping company?

3 Reasons under Importance of bill of lading in international trade

Different types of Bill of Lading

Is Received for shipment Bill of Lading sufficient for LC negotiation?

What is said to contain in Bill of Lading.

Can shipping line predate Bill of Lading,What is the earliest date can be mentioned on Bill of Lading

Can a Bill of Lading (BL) be predated for LC negotiation?

Surrender of Bill of Lading Some facts

Amendment of shipper details in Bill of Lading

How to avoid delay in receiving OBL Original Bill of Lading?

Can a Bill of Lading be consigned to a customs broker?

 

Write below your comments about surrender of original bill of lading.

 

STALE BILL OF LADING What does it mean?   Difference between Clean On Board Bill of Lading and Shipped On Board Bill of Lading.   Can Original Bill of lading be surrendered under DP terms of payment  Can Original Bill of lading be surrendered under LC at sight   Can Bill of Lading be surrendered on LC terms   How to obtain a duplicate BL, if original bill of lading lost?  Can a Bill of Lading be consigned to a customs broker?   Can I get bill of lading before loading cargo   Can two consignments meant for one buyer be shipped together under one Bill of Lading?    Consignee To Order in Bill of Lading    How to avoid delay in receiving OBL Original Bill of Lading?   Amendment of Bill of Lading    How to amend shipper details in Bill of Lading?.   How to surrender HBL House Bill of Lading   Surrender of Bill of Lading Some facts How does Bill of Lading work in Sight LC.   How does Bill of Lading work in DP payment terms?   Can a Bill of Lading (BL) be predated for LC negotiation?   What is the earliest date can be mentioned on Bill of Lading. Can BL date and let export date be same day?   Can shipping line predate Bill of Lading,What is the earliest date can be mentioned on Bill of Lading.    What is Said to weigh in Bill of Lading   What is Shipper Load, stow and count in Bill of Lading    What is said to contain in Bill of Lading.   Can an importer take delivery of goods without original bill of lading?  What is House BL House Bill of Lading   Can Bill of Lading (BL) be before date of Certificate of origin GSP?   What is Express Release Bill of Lading?  Can Bill of Lading be surrendered at port of loading?    Transferability of Bill of Lading  What is charter party bill of lading ?   How  transshipment bill of lading works?   What is Combined Bill of Lading / Multi model Bill of Lading   Unclean Bill of Lading/Claused bill of lading/foul bill of lading/Dirty Bill of Lading   What is Clean on board Bill of Lading?  Is received for shipment Bill of Lading sufficient for LC negotiation?  Different types of Bill of Lading   3 Reasons under Importance of bill of lading in international trade   When can an exporter get bill of lading from shipping company?   

 

 

Other posts about Import Export online tutorial

Can an importer take delivery of goods without original bill of lading?
 What is Shipper Load, stow and count in Bill of Lading
 What is Cargo Arrival Notice (CAN)
 Delay in sending OBL / Telex release /OBL Surrender message
 What is Black list certificate from Shipping Line
 Documentation procedures on high sea sale.

 


Excise and Customs - Click here to read complete notification under Budget 2014
How to get Export Orders?
How to settle dispute in Exports and Imports?
Click here to know India Trade Classification(ITC)
Pre shipment bank finance to suppliers for exports through other agencies
Types of export containers
Measurement of export containers
Export Import Policy of India 2015-20
MEIS, Merchandise Exports from India Scheme
SEIS, Service Exports from India Scheme
Merge your Commercial Invoice and Packing List for all your future exports
Export procedures and documentation

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Who receives the amount of auctioned / resold imported unclaimed/un-cleared goods?
Why demurrage/detention waiver period is required at destination for import Transferability of Bill of Lading
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Why, best attention while preparing Export Invoice?
Is Letter of Credit LC safe for an Importer?
Is ON BOARD CERTIFICATE required for LC negotiation




Comments

 
Josh Says :
Friday, August 29, 2014
Nice clear informative explanation.
amitabh Says :
Wednesday, October 29, 2014
Can OBL will be surrender at the port of loading while OBL consign to Buyer Bank.
Johng162 Says :
Sunday, February 15, 2015
I do accept as true with all of the concepts you have offered in your post. They're really convincing and will definitely work. Still, the posts are very brief for beginners. May you please extend them a little from next time? Thanks for the post. edkkdbfdaagd
Johnb837 Says :
Sunday, February 15, 2015
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Sudarsan Sahoo Says :
Monday, February 16, 2015
Situation is like this: Consignee received Original B/L from Bank after payment to Supplier.Now Original B/L is lost at consignee or CHA end before taking Delivery Order. What is the procedure to get the shipment cleared from shipping line?
rajesh Says :
Monday, February 16, 2015
I have a question regarding getting import export data.Central excise publishes daily list of import export data but excluding importer or exporter party name.Where can I get import export shipment data along with indian party names?As several websites providing data at high price, it should be available somewhere.
Admin Says :
Monday, February 16, 2015
Sudarsan Sahoo, You may contact carrier to resolve this issue of lost of BIll of Lading.
Muhammad Akram Zaki Says :
Sunday, August 09, 2015
Why shipper surrenders OBL? what are the reasons? Is cost or Time are the factors or something else.Is shipper satisfies to surrender release OBL to country like Pakistan under DA/Usance shipment and can take the risk of non payment specially on Open Account Transaction where documents are directly received from the supplier to the buyer without the involvement of bank of the buyer country Thanks
TBS Says :
Monday, September 14, 2015
After vessel has arrived destination, can I surrender OBL at loadport ?
Peter Says :
Friday, November 06, 2015
Are there any countries which require all original (3 if 3 were issued) B/Ls to be surrendered in order to clear goods?
Melly Says :
Monday, January 04, 2016
Thank you for your post. It is very useful to me.
 

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