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What is Express Release Bill of Lading?
Express release BL – What is Express Release Bill of Lading? When does Express release bill of Lading release? Has Express Release Bill of Lading the same value of regular Bill of Lading? Can Express Release Bill of Lading be transferred? Is Express release Bill of Lading used under Letter of Credit transactions? Can goods under Express release Bill of Lading be transferred to another consignee?
These are some of the common doubts among traders about Express Release Bill of Lading.
You can advise your carrier to issue an “Express Release Bill of Lading”. Means, once after completion of customs clearance, your appointed customs broker can send Bill of lading instructions to the shipping company (carrier) and he issues one copy of Bill of Lading to you and in turn to their counterpart in final destination. Means, an electronic data copy of ‘express bill of lading’ is sufficient for the carrier in final destination to release the cargo to final consignee mentioned in the Bill of Lading. After import custom clearance at destination your buyer approaches the carrier to deliver the cargo to him. The carrier, after verifying the necessary identity, delivers cargo to your buyer
Can Express Release Bill of Lading be transferred?
Since Express Release bill of Lading can not be transferred to another party.
Is Express release Bill of Lading used under Letter of Credit transactions?
Normally, express release Bill of Lading is not used under Letter of Credit, as it does not function as document of title.
Can goods under Express release Bill of Lading be transferred to another consignee?
Since Express Release Bill of Lading is not a document of title, the goods consigned under express release bill of lading can not be transferred to another buyer.
Also read - OBL not released OBL not surrendered no telex release Is Seaway bill a document of title? What is Seaway bill.
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The above information is a part of Online Training Course on howtoexportimport
What is Express Release Bill of Lading
OBL not released OBL not surrendered no telex release
Delay in sending OBL / Telex release /OBL Surrender message
What is Late BL release charges
Difference between Bank Release Order and Bank Delivery Order
Terms used in freight forwarding such as freight forwarder,freight release,freight prepaid, freight, foreign trade zone,fumigation
Terms used in international trade business such as Release note,Remitting bank,Revenue ton,Revolving letter of credit ,Road consignment note
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