Difference between Bank Release Order and Bank Delivery Order

 

Any Difference between Bank Release Order and Bank Delivery Order?

 

Difference between Bank Release Order and Bank Delivery Order

Are there any difference between Bank release order (BRO) and Bank delivery order? What is Bank Release order / Bank Delivery Order?

 

The terms Bank release order and Bank Delivery Order are same in business. Bank release order/Bank Deliver order is issued by bank to release goods to the party mentioned as per the order of bank.

 

If a document of title consigned to a bank, such goods can not be released by carrier without the permission of ban.

 

 

Normally in international trade under LC terms, the consignee column of bill of lading is mentioned bank address as ‘To Order’. Once after receiving bill of lading and other import documents, the bank confirms the surety of payment against goods and issues a release order to the carrier of goods to deliver cargo to the final buyer. BRO (Bank release order) can be in a specified format typed. Such release order also can be hand written on bank’s letter head signed and sealed by the authorized signatory of bank. The details of such bank release order can be mentioned on reverse side of original bill of lading duly signed and sealed.

 

Do you wish to share your experience in handling Bank Release Order / Bank Delivery Order – BRO/BDO?

 

Write below your thoughts on Bank Release Order/ Bank Delivery Order.

The above information is a part of Import Export course online


Other posts about Import Export online tutorial

Mode of payments in international trade
Who is a prime banker How to check authenticity of letter of credit (LC)?,Why LC with a prime banker is safe?
What is FIRC in export import business
What is Bank Guarantee to customs in Import
Difference between LC expiry and shipment date expiry
Can Original Bill of lading be surrendered under LC at sight
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
Exim 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

 

 Import General Manifest (IGM)

 

Importance of Bill of Lading

 

Introduction to this web site.

 

 Is Airway bill a documents of title?

 

 Is Customs House Agents (CHA ) required to be appointed mandatory?

 

 Is DP terms of payment safe in export business?

 

Is Letter of Credit LC safe for an Importer?

 

 Is ON BOARD CERTIFICATE required for LC negotiation

 

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

 

 Is Risk Management System (RMS) simplify import? What is RMS in import.

 

 Is sales tax applicable on shipments effected under high sea sales

 

 Is Seaway bill a document of title? What is Seaway bill.

 

Is THC same in all ports

 

KINDS OF LOSSES in Marine Insurance

 

 Know the term Port of Discharge and Place of Delivery

 

LC advantage exporter

 

LC advantage importer

 

LC parties

 

LCL shipment booking tips

 

Letter of credit

 

 Import General Manifest (IGM)

 

Importance of Bill of Lading

 

 


Comments


Anand Sharama : In 40’ & 20’ containers, howmuch height, lengthof the cargo can be loaded. What is the admissible limit ?

Admin: Hi Anand sharma, Please read our article MEASUREMENT OF EXPORT CONTAINERS in this website

Discussion Forum

You can also share your thoughts about this article.
Any one can answer on question posted by Readers